How long will it take to double your savings if you earn 6.4 percent interest. compounded annually?

How long will it take to double your savings if you earn 6.4 percent interest, compounded annually?

11.89 years

12.02 years

11.39 years

11.17 years

10.58 years

Answer

Calculate number years required to double the amount: NPER r:NPER(6.496,-1,2) Function Arguments NPER Rate 6.4% Pmt number Fv

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