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Taylor put $200 into a CD that pays 6% interest, compounded quarterly. According to the rule of 72, approximately how long would it take for his money to double?

Taylor put $200 into a CD that pays 6% interest, compounded quarterly. According to the rule of 72, approximately how long would it take for his money to double?
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Taylor put $200 into a CD that pays 6% interest, compounded quarterly. According to the rule of 72, approximately how long would it take for his money to double?

User Neeraj Garg
by
7.8k points

2 Answers

2 votes

Answer:

The answer is 12 years Apex

Explanation:

User Victorantunes
by
7.8k points
4 votes

Answer:12 years.


Explanation:


User Saad Ahmed
by
8.4k points
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