How many years will it take an investment to double at 6.4% compounded monthly? (Round to the nearest tenth))

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stressed82 stressed82

10-12-2020
Mathematics

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How many years will it take an investment to double at 6.4% compounded monthly? (Round to the nearest tenth))

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brennajade brennajade · Answer 1 · 2020-12-10T00:46:33+01:00

brennajade brennajade

10-12-2020

it’s going to just be 6. remember that if the number is 4 or lower, you’re gonna wanna remove all of that value but if it’s 5 or more for example if it was 6.8% instead you’d round UP and it’d be 7.0% :)

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