Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / David has a savings account with a 5,000 balance today

David has a savings account with a 5,000 balance today

Finance

David has a savings account with a 5,000 balance today. The account earns an annual percentage rate of interest of 1.25%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's account balance to double?

Option 1

Low Cost Option
Download this past answer in few clicks

2.89 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE