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

## Related Questions

- Math - $100 is deposited in a savings account that pays 4% interest compounded ...
- differential equation - If P(t) is the amount of dollars in a savings bank ...
- Calc - A person deposits money into a retirement account, which pays 7% interest...
- Math - (a) Themba wants to deposit a sum of money into a savings account so that...
- introduction to finance-16 - if you put $4000 in savings account that pays ...
- Finance - How much money must you pay into an account at the beginning of each ...
- Precalculus - NEED HELP ASAP PLEASE!! A savings account starts with $600 and ...
- Math - Suppose you invest your money into an account that pays 4.0% per year ...
- Personal Finance - Mary just deposited $33,000 in an account paying 7% interest...
- MATH, PLEASE HELP! - Suppose you invest your money into an account that pays 4.0...

More Related Questions