What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years? 0.00 % Round to two decimal places

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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What monthly compounding nominal interest rate is earned on an investment that
doubles in 10 years?
0.00 %
Round to two decimal places
Transcribed Image Text:What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years? 0.00 % Round to two decimal places
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