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A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?

A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?
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2 votes
A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?

asked
User GoWiser
by
8.5k points

2 Answers

1 vote

Answer:Its not 12

Explanation: it was wrong

answered
User AperioOculus
by
8.4k points
2 votes

Answer: 18 years

Step-by-step explanation:

answered
User Marchelle
by
8.3k points
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