1. A banker tell you he has a CD, that
is compounded monthly, that will double your money in 14 years. If you invest
$10,000; find the following
much should you have at the end of the 14 years?
is the annual interest rate for this CD?
much time would be required to triple your money?
b)r = n[(A/P)1/nt - 1]
c)t = 22.02 years
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?