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Question 4 20 pts You invest $3000 into an account that has a 3.7% annual interest rate and is compounded monthly. How long will it take until you have doubled your money? a.38.56 years b.1.6 years c.18.
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1 vote
Question 4

20 pts
You invest $3000 into an account that has a 3.7% annual
interest rate and is compounded monthly. How long will it
take until you have doubled your money?


a.38.56 years
b.1.6 years
c.18.76 yigars
d.231.29 years

User Webmato
by
7.5k points

2 Answers

0 votes
your answer is B
hope this helps
User GWigWam
by
7.0k points
4 votes

Answer: the answer should be b.1.6 years

Explanation:

User Mrchad
by
7.9k points
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