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Mathematics, 10.03.2021 19:00 johnsonwhitney2

Tom wants to invest $8,000 in a retirement fund that guarantees a return of 8.93% and is compounded monthly. Determine how many years (round to hundredths) it will take for his investment to double. Immersive Reader (20 Points)

6.66 years

8.23 years

I do not understand

7.00 years

8.70 years

6.26 years

7.53 years

Answer not present

6.88 years

7.79 years

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Answers: 2

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