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A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?
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27 votes
27 votes
A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?

User Kirinriki
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2 Answers

16 votes
16 votes

Answer:Its not 12

Explanation: it was wrong

User Kasparas Anusauskas
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2.9k points
8 votes
8 votes

Answer: 18 years

Step-by-step explanation:

User Jonathan Swartz
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3.0k points
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