SOLUTION: what annual rate of interest is required to double an investment in 5years?
Algebra.Com
Question 874426: what annual rate of interest is required to double an investment in 5years?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
2 = (1+r)^5
= r = .1487(nearest 10-thousandth) = 14.87%
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