Answered: You invest $5000 at 6% interest,…

You invest $5000 at 6% interest, compounded semi-annually. How long will it take to double your investment? Show your work to receive full credit. Round to two decimal places. Use units.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 20E

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You invest $5000 at 6% interest, compounded semi-annually. How long will it take to
double your investment? Show your work to receive full credit. Round to two decimal places.
Use units.

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