david invest $10,000 in a CD that pays 8% compounded quarterly. how long will it take his investment to double

asked Sep 23, 2022 216k views

4 votes

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6 votes

Answer:

Explanation:

1. Write a equation

10,000(1+(0.08)/(4))^4^x

2. plug in 20,000 to y

20,000=10,000(1+(0.08)/(4))^4^x

3. Solve

Richert answered Sep 30, 2022

7.8k points

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