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Felicia put $175 into a CD that pays 4% interest compounded semiannually. According to the rule of 72 aproximately how long will it take for her money to double
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Felicia put $175 into a CD that pays 4%

interest compounded semiannually. According to the rule of 72 aproximately how long will it take for her money to double

User Oncaphillis
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8.7k points

2 Answers

4 votes
It would take about 17 1/2 years.
User Frinux
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8.6k points
5 votes

18 years. They always want u to round up on apex

User Jan Kotek
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8.0k points
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