123k views
3 votes
Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually?

1 Answer

1 vote
It will be 5 cause 500000 of 6% is 5
User Jyina
by
5.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.