SOLUTION: 1. How long will it take for an investment of $25,000 to double at an interest rate of 4% compounded semi-annually? Give your answer in years and months, rounded to the nearest mon
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Question 889046: 1. How long will it take for an investment of $25,000 to double at an interest rate of 4% compounded semi-annually? Give your answer in years and months, rounded to the nearest month.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
35 periods, 17 years 6 months.
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