Mathematics, 14.04.2020 19:42 cathydaves

1. Tom wants to invest $8,000 in a retirement fund that guarantees a return
of 6.45% annually using monthly compounded interest. Determine how
many years (round to hundredths) will it take for her investment to double.
O
a. 10.78 years
O
b. 12.39 years
O
c. 21.52 years
O
d. 7.69 years

Answers: 1

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More questions: Mathematics Another questions

1. Tom wants to invest $8,000 in a retirement fund that guarantees a return of 6.45% annually using monthly compounded interest. Determine how many years (round to hundredths) will it take for her investment to double. O a. 10.78 years O b. 12.39 years O c. 21.52 years O d. 7.69 years

Answers

Another question on Mathematics

1. Tom wants to invest $8,000 in a retirement fund that guarantees a return
of 6.45% annually using monthly compounded interest. Determine how
many years (round to hundredths) will it take for her investment to double.
O
a. 10.78 years
O
b. 12.39 years
O
c. 21.52 years
O
d. 7.69 years