Math wiz ya rite 09
Junior Member
- Joined
- Aug 27, 2006
- Messages
- 136
$3500 is invested at an annual rate of 5.3%, compounded six times each year
(bi-monthly). How many months will it take for the account to double in value?
If someone could explain this step by step that would be great so I can apply it to my other homework problems, that would be great.
Thanks,
DJ
(bi-monthly). How many months will it take for the account to double in value?
If someone could explain this step by step that would be great so I can apply it to my other homework problems, that would be great.
Thanks,
DJ