Register
Tom wants to invest $8,000 in a retirement fund that guarantees a return of 8.45% and is compounded monthly. Determine how many years (round to hundredths) it will take for his investment to double
75.2k views
2 votes
Tom wants to invest $8,000 in a retirement fund that guarantees a return of 8.45% and is compounded monthly. Determine how many years (round to hundredths) it will take for his investment to double

User MatuDuke
by
7.4k points

1 Answer

7 votes

Answer:

The answer is 1 year Tommy will take 1 year to his investment

Explanation:

User SuddenHead
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!