Yumna A.

asked • 10/30/20

$20,000 is invested at 5% interest compounded monthly. How long will it take for the investment to double?

Use the formula A=Pe^nt

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.