Asked by Keonn'a Tarvin
How long will it take for $1,200 to double if it is invested at 12% annual interest compounded 6 times a year? Enter in exact calculations or round to 3 decimal places.
It will take years to double.
How long will it take if the interest is compounded continuously?
Compounded continuously, it would only take years
It will take years to double.
How long will it take if the interest is compounded continuously?
Compounded continuously, it would only take years
Answers
Answered by
Steve
Surely after all the similar questions you have posted, you have some of your own input by now?
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