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

Jim Barrows asked Oct 12, 2023

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Jim Barrows asked Oct 12, 2023

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23 votes

Answer:

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

Explanation:

Joshden answered Oct 16, 2023

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