Inactive Tutor answered • 12/03/20
Tutor
New to Wyzant
2 = (1 + r)12
12√2 = 1 + r
1.059463094 ≈ 1 + r
0.059463094 ≈ r
Lara S.
asked • 12/02/20What annual rate of interest compounded annually is required to double an investment in 12 years?
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