Question

Which of the following would yield a return that is the closest to doubling of an...

Which of the following would yield a return that is the closest to doubling of an initial investment?

8% for nine years

10% for six years

7% for eleven years

3% for ten years

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer is (a) 8% for nine nine years Explanation: let initial investment be - $ 100. If_$100 is invested at 8.7. compounded a

Add a comment
Know the answer?
Add Answer to:
Which of the following would yield a return that is the closest to doubling of an...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT