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Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen? A. 4.4% B. 7.2% C…

Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen? A. 4.4% B. 7.2% C…
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5 votes
Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen?

A.
4.4%
B.
7.2%
C.
14.4%
D.
16.6%

asked
User NhatVM
by
7.3k points

2 Answers

0 votes
the answer is B hope i helped

answered
User Willian Adamczyk
by
8.4k points
6 votes
Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen?
A.
4.4%
answered
User Kalpesh Dusane
by
7.4k points
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