SOLUTION: Ryan was 8 when his parents invested $4000 in a certificate of deposit that pays 6% for investments of 3 years. If Ryan leaves the account alone until it reaches $10,000, how old

Question 40880: Ryan was 8 when his parents invested $4000 in a certificate of deposit that pays 6% for investments of 3 years.
If Ryan leaves the account alone until it reaches $10,000, how old will he be?
If Ryan leaves the account alone until it doubles how old will he be?
Thank you verrryyyy much!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answer by Nate(3500) (Show Source): You can put this solution on YOUR website!
If Ryan leaves the account alone until it reaches $10,000, how old will he be?

About 15.725 years .... 15 years and 9 months
Ryan would be 23 years old.
If Ryan leaves the account alone until it doubles how old will he be?

About 11.896 years .... 11 years and 11 months
Ryan would be 19 years old.
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