Question 1174938
<pre><font face = "consolas" color = "indigo" size = 3><b>
Hi
 In General {{{A(t) = P(1+r/n)^(nt)}}}
A = Accumulated Amount
P= principal = $50,000
r= annual rate = .044
n= periods per year = 1
t= years = 18
{{{A(t) = 50000(1.044)^(18)}}} = $108,537.29 Rounded to the nearest penny)
b) Yes, it will double
Wish You the Best in your Studies.
</font></b></pre>