Thursday
April 24, 2014

Homework Help: finance

Posted by albert on Tuesday, September 17, 2013 at 9:41pm.

Suppose you pay $1000 into a savings account that pays 2% per year, compounded annually. How many years will would it take for the money in the account to double, to $2000? use "successive approximation."

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - A friend opens a savings account by depositing $1000. He deposits an ...
math - A friend opens a savings account by depositing $1000. He deposits an ...
Math - A friend opens a savings account by depositing $1000. He deposits an ...
Finance - You are 45 years of age and your asporation is to retire in 17 years ...
Finance - Mary and Joe would like to save up $10,000 by the end of three years ...
math - how do solve this question? jane budgets her monthly take-home pay. the ...
Personal Finance - Mary and Joe would like to save up $10,000 by the end of ...
Personal Finance - Mary just deposited $33,000 in an account paying 7% interest...
differential equation - If P(t) is the amount of dollars in a savings bank ...
geometry - A person deposits $500.00 into a savings account and pays 5% annual ...

Search
Members