How long it take for amount of money in account to double


Assume you deposit $1,000 into the account that pays 4% annual interest, compounded quarterly. Roughly how long will it take for amount of money in account to double?

Request for Solution File

Ask an Expert for Answer!!
Mathematics: How long it take for amount of money in account to double
Reference No:- TGS0846663

Expected delivery within 24 Hours