Answer:
I think it should be 56
This is called the leading term
Answer:
The number of years needed is 15.75 years.
Step-by-step explanation:
The investment amount (present value) = $200
Interest rate =4.5%
Double of investment = $400
Now we have to find the time or number of years in which the investment amount will be doubled. So, just use the below formula to find the number of years.
Future value = present value ×(1+interest rate)^n
400 = 200×(1+4.5%)^n
N = 15.75 years
The number of years required to double the amount is 15.75 years.
<em>I hope this helps you!</em>
Answer:
Step-by-step explanation:
1. no
2. yes
3. yes
4. yes
5. 5.2
6. 4.5
7. 2.5
8. 16
