Answered

Get insightful responses to your questions quickly and easily on IDNLearn.com. Get accurate and comprehensive answers from our network of experienced professionals.

Sarah invests $2,050 paying 6.75% compunded
continuously. How long will it taks Sarah's
investment to double?

Sagot :

LoreliGilmidn

Answer:

If the interest per quarter is 4% (but interest is only compounded annually), then it will take (72 / 4) = 18 quarters or 4.5 years to double the principal.

Step-by-step explanation:

We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.