You invest $340 in a mutual fund today that pays 6.40 percent interest annually. How long will it take to double your money?
Answer - 11.17 years
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You invest $340 in a mutual fund today that pays 6.40 percent interest annually. How long...
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You invest $150 in a mutual fund today that pays 9 percent interest annually. How long will it take to double your money? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to 0 decimal place, e.g. 545) Number of years
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If you deposit money today in an account that pays 5.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.
If you deposit money today in an account that pays 12% annual interest, how long will it take to double your money? Round your answer to two decimal places.