92StangMan
New member
There are a few questions on my homework assingment that I cannot figure out and like usual, I wait till the last minute to do them. If you can help, PLEASE DO!
Here they are:
1.) Suppose that a saving account increases its value by 5.8% per year (APY). Use the approx. doubling time forumla to esitmate the doubling time of the account. Please explain why.
A.) 11-years
B.) 12-years
C.) 13-years
D.) 14-years
Here they are:
1.) Suppose that a saving account increases its value by 5.8% per year (APY). Use the approx. doubling time forumla to esitmate the doubling time of the account. Please explain why.
A.) 11-years
B.) 12-years
C.) 13-years
D.) 14-years