Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. if you deposit money today in an account that pays

If you deposit money today in an account that pays 7% annual interest, how long...

60.1K

Verified Solution

Question

Finance

If you deposit money today in an account that pays 7% annual interest, how long will it take to double your money? Do not round intermediate calculations. Round your answer to two decimal places.

How many years?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Write a 5 page paper on how your childrens can influence your outlook on life. Is...

General Management
1.2K views

Social networking sites are fast becoming corporate resources. Consider how Facebook may be used by an...

Basic Math
1.2K views

Find any relative extrema of the function List each extremum along with the x value...

Calculus
1.2K views

Use the property to estimate the best possible bounds of the integral iint Q 5...

Calculus
1.2K views

Divide 15x 12x 30x 24 by 5x 4 Provide your answer below

Algebra
1.2K views

phing Transformations of Quadratic Functions The graph f 1 is shown below Let g z...

Algebra
1.2K views

BY FComposition of the matrix ou must show the eigenvalues eigenvectors modal matrix and the...

Accounting
1.2K views

How did the results of results benefit Information and Communication Technology (ICT)? be specific

Accounting
1.2K views

Required information Problem 8-27 (Algo) Treasury stock transactions LO 8-3, 8-6 [The following information applies...

Accounting
1.2K views

Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on...

Finance
1.2K views

Beckham Corporation has semiannual bonds outstanding with nine years to maturity that are currently priced...

Accounting
1.2K views

On 11/14/21 Your Co. loaned C Co. $7200 on a 8%60 day note. Record the...