IDNLearn.com makes it easy to find accurate answers to your specific questions. Ask your questions and receive comprehensive, trustworthy responses from our dedicated team of experts.

david invest $10,000 in a CD that pays 8% compounded quarterly. how long will it take his investment to double

Sagot :

Answer:

Step-by-step explanation:

1. Write a equation

[tex]10,000(1+\frac{0.08}{4})^4^x[/tex]

2. plug in 20,000 to y

[tex]20,000=10,000(1+\frac{0.08}{4})^4^x[/tex]

3. Solve