subject
Mathematics, 07.10.2020 17:01 carlyembry123pbhhbm

PLEAS HELP Miguel plans on retiring in 16 years, and he wants to double his money by that time. He's contacted various banks, looking for a CD that compounds interest monthly, and to calculate what annual interest rate he needs, he is using the Rule of 72. Part I: What is the rule of 72? To represent the annual interest rate, use r.
Part II: What equation can Miguel set up to solve for the annual interest rate he needs to double his money by the time he retires?
Part III: What annual interest rate does Miguel need to double his money by the time he retires?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 14:50
For f(x)=2x+1 and g(x)= x^2 -7, find (f•g)(x)
Answers: 1
question
Mathematics, 21.06.2019 17:30
What is the shape of the height and weight distribution
Answers: 2
question
Mathematics, 21.06.2019 20:30
What is negative 3/9 times negative 2/8 ?
Answers: 1
question
Mathematics, 21.06.2019 21:30
One astronomical unit (1 au) is about 1.496 alt tag missing. kilometers. if you wrote this number of kilometers in regular decimal notation (for example, 528 and 3,459 are written in regular decimal notation), how many zeros would your number have?
Answers: 1
You know the right answer?
PLEAS HELP Miguel plans on retiring in 16 years, and he wants to double his money by that time. He's...
Questions
question
Mathematics, 10.02.2021 14:00
question
History, 10.02.2021 14:00
question
Mathematics, 10.02.2021 14:00
question
Mathematics, 10.02.2021 14:00
Questions on the website: 13722361