nanapoorep94nmf nanapoorep94nmf
  • 02-05-2021
  • Mathematics
contestada

david invest $10,000 in a CD that pays 8% compounded quarterly. how long will it take his investment to double

Respuesta :

applesrockbanana applesrockbanana
  • 02-05-2021

Answer:

Step-by-step explanation:

1. Write a equation

[tex]10,000(1+\frac{0.08}{4})^4^x[/tex]

2. plug in 20,000 to y

[tex]20,000=10,000(1+\frac{0.08}{4})^4^x[/tex]

3. Solve

Answer Link

Otras preguntas

Lol I need halp!!!Q:The dog weighs 9 pounds.What is the dog’s weight in ounces?
. What metropolitan area is the largest in the world not bordering a body of water? Discuss A. Johannesberg, South Africa B. Dallas, Texas C. London, United
The montgomery bus boycott: was sparked when rosa parks was arrested for refusing to give up her seat to a white man. did not succeed in desegregating the publi
Round each amount to the nearest hundred to find a reasonable estimate of 7245 – 5680.
What is the simplified form of the quantity x over 4 minus y over 3 all over the quantity x over 3 plus y over 4? the quantity 4x plus 3y all over the quantity
Onde e quando surgiu a intervenção e a instalação artística?
Please help!! Ken at Cars101 sold a car for 18,250 and earned $693.50 in commission. What percent of the sale was his commission? Thanks!!
On the world map above, which lines are highlighted and are moving from west to east? A. lines of latitude B. time zone lines C. date lines D. lines of longitud
Which act reduced federal income taxes by 25% over a five year period? A) Boland Amendment B) Pendleton Act C) Economic Recovery Act D)
what is {1.75+2x0.25+5x0.05]x24