Inactive Tutor answered • 01/14/16
Tutor
New to Wyzant
Did you use this formula:
2 = (1 + .078/52)52t ?
Anthony C.
asked • 01/14/16Need Help with Finite Math
Use the "rule of 72" to estimate the doubling time (in years) for the interest rate, and then calculate it exactly. (Round your answers to two decimal places.)
7.8% compounded weekly.
"rule of 72"
9.23
Correct: Your answer is correct.
yr
exact answer
8.97
Incorrect: Your answer is incorrect.
yr
7.8% compounded weekly.
"rule of 72"
9.23
Correct: Your answer is correct.
yr
exact answer
8.97
Incorrect: Your answer is incorrect.
yr
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