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noname [10]
3 years ago
10

You have $5,000 invested in a bank that pays 3.8% annually. How long will it take for your funds to triple?

Business
1 answer:
TiliK225 [7]3 years ago
3 0
Using compound interest
5000 x 1.035^32 gives me 15033 which is triple the original value, therefore it’s 32 years
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The "market clearing price" is most closely associated with
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4 0
3 years ago
You are given the following data on the Employed, Unemployed, and the Labor Force for 1997: Population 16 years old or over (mil
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