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Author Question: For an investment having an APY of 9%, estimate the number of years needed to double the principal. (Read 87 times)

FButt

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Question 1

For an investment having an APY of 8%, estimate the number of years needed to double the principal.
◦ 6 years
◦ 8 years
◦ 9 years
◦ none of these
◦ 12 years

Question 2

For an investment having an APY of 9%, estimate the number of years needed to double the principal.
◦ 9 years
◦ 10 years
◦ 8 years
◦ none of these
◦ 5 years


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Marked as best answer by FButt on May 5, 2020

babybsemail

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FButt

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Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it


sultana.d

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Reply 3 on: Yesterday
Excellent

 

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