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

in a direct democracy who votes on government policy
How many factors are in the expression 2w(w+9)
I am a number that is four times the product of 2 and 3. One of my factors is 4. What is my other factor?
21/24÷7/8 show work please
Explain why it works to break apart a number by place values to multiply
Tomorrow, the mayor will announce her plans "for the new committee." what type of phrase is this?
Translate the phrase into a math expression. 30 added to a number that is decreased by 5 a. n – 5 + 30 b. 30 – n – 5 c. 30 + 5 – n d. 30 + (n ÷ 5)
A bus travels 20 km in 30 minutes. what is the average speed of the bus?
What should you always remember when handling microscope slides?
Explain Each Part please!!! The cost C, in dollars , of building a concrete sidewalk varies directly with its lentgh , s, in meters A.. find an equat