You have just received a prize worth $ 10,000. You deposited your winings into an account...
You have just received a prize worth $ 10,000. You deposited your winings into an account which pays 6% annual interest compounded monthly . How much long will you have to wait to double your winings ?__
A) 11.6
B) 12.3
C) 14.6
D) 15.3
Homework Answers
It will take 139 months or 11.6 years (139/12)
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