SOLUTION: If $1000 is invested and is compounded monthly, what rate must be charged for the amount to double in 4 years?
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Question 327911: If $1000 is invested and is compounded monthly, what rate must be charged for the amount to double in 4 years?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
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1.45% monthly rate.
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