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Mathematics, 06.07.2019 06:40, LeilaniCo
Asum of money is invested at 12% compounded quarterly. about how long will it take for the amount of money to double? compound interest formula: (image uploaded v(t) ) t = years since initial deposit n = number of times compounded per year r = annual interest rate (as a decimal) p = initial (principal) investment v(t) = value of investment after t years a. 5.9 years b. 6.1 years c. 23.4 years d. 24.5 years
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Asum of money is invested at 12% compounded quarterly. about how long will it take for the amount of...
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