Mathematics, 10.03.2021 19:30 MemnochRize
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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
Answers: 3
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