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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