Question: Use technology, and possibly some trial and error, to answer the following question. How long will it take your initial deposit to grow by 50%

Use technology, and possibly some trial and error, to answer the following question. How long will it take your initial deposit to grow by 50% at an APR of 8% compounded annually? It will take years to grow the amount of money by 50%. (Round up to the nearest year.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
