What interest rate do you need for an $5000 investment compounded annually to double in 10 years?

asked Sep 25, 2023 178k views

6 votes

by Savi

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6 votes

Answer:

The investment rate that you need for a 5000$ invest compounded annually to double in 10 years is 55,000

Explanation:

Mykyta Halchenko answered Sep 30, 2023

8.7k points

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