christianabukunmi christianabukunmi

10-04-2020
Mathematics

contestada

What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years?

Respuesta :

173darkknight 173darkknight

10-04-2020

Answer:

Roughly 6.95%

Step-by-step explanation:

Start with $1000

$1000 with an interest rate of 6.95% compounded monthly over 10 years = $1999.70

(APY= 7.175%)

Answer Link

Otras preguntas

When Columbus set sail, most Europeans believed the world was flat and that his ships would fall off. a. true b. false a. Spain b. Italy c. Portugal d. France

When h has the value 12 calculate 5h - 2

What is (-1.15) x 3.2 ???

The largest formal unit of geologic time is ______. a period an era an eon a century

Determine the perimeter of each rectangle 149 m 76 m

What is meant by "nutrient limitation"?

Which of the following was not created by the MacArthur Constitution? a. A parliamentary democracy in Japan c. Universal suffrage b. The Diet, or elected par

What is the verb in this simple sentence? Mammalian milk contains water, protein, sugar, fat, salts, and vitamins. a. water b. contains c. milk d. and

Which group was charged the highest rates by the railroads during the late 19th century?

Which of the following is a serious economic problem in North Africa? a.)lack of oil resources b.)a decline of tourism c.)unemployment d.)poor agricultural per