Graciehatcher05 Graciehatcher05

05-10-2021
Mathematics

contestada

Sarah invests $2,050 paying 6.75% compunded
continuously. How long will it taks Sarah's
investment to double?

Respuesta :

LoreliGilm LoreliGilm

05-10-2021

Answer:

If the interest per quarter is 4% (but interest is only compounded annually), then it will take (72 / 4) = 18 quarters or 4.5 years to double the principal.

Step-by-step explanation:

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