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2 years ago

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

Mathematics

1 answer:

mylen [45]2 years ago

6 0

Answer:

Step-by-step explanation:

1. Write a equation

$10,000(1+\frac{0.08}{4})^4^x$

2. plug in 20,000 to y

$20,000=10,000(1+\frac{0.08}{4})^4^x$

3. Solve

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SVEN [57.7K]

Answer:

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Step-by-step explanation:

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