Register

Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually?

Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually?
asked 123k views
3 votes
Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually?

asked
User Lavi Avigdor
by
8.6k points

1 Answer

1 vote
It will be 5 cause 500000 of 6% is 5
answered
User Jyina
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!