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What interest rate do you need for an $5000 investment compounded annually to double in 10 years?

What interest rate do you need for an $5000 investment compounded annually to double in 10 years?
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6 votes
What interest rate do you need for an $5000 investment compounded annually to double in 10 years?

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User Savi
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1 Answer

6 votes

Answer:

The investment rate that you need for a 5000$ invest compounded annually to double in 10 years is 55,000

Explanation:

answered
User Mykyta Halchenko
by
8.7k points
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