subject
Mathematics, 17.05.2021 22:50 help26852

A person invests $7000 in an account at 5% interest compounded annually. When will the value of the investment be doubled? Explain why it will take less than 20 years, even though the rate is 5%
For the value of the investment to be doubled it will take about ten years
(Round to two decimal places as needed.)

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
10 ! in a race, nick is 50 feet in front of jay after ten seconds. how fast can nick run, if jay can run 20 feet per second?
Answers: 1
question
Mathematics, 21.06.2019 18:00
Don't know how to find x given these segment lengths
Answers: 1
question
Mathematics, 21.06.2019 19:00
Me asap on # : explain how factoring a trinomial, ax^2+ bx+ c, when a does not equal 1 different from factoring a trinomial when a = 1.
Answers: 2
question
Mathematics, 21.06.2019 19:00
Write the pair of fractions as a pair of fractions with a common denominator
Answers: 3
You know the right answer?
A person invests $7000 in an account at 5% interest compounded annually. When will the value of the...
Questions
Questions on the website: 13722363