At what nominal annual rate of interest will money double itself in seven years, six months if compounded semi-annually?

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

At what nominal annual rate of interest will money double itself in seven years, six months if compounded semi-annually?

Post by answerhappygod »

At What Nominal Annual Rate Of Interest Will Money Double Itself In Seven Years Six Months If Compounded Semi Annually 1
At What Nominal Annual Rate Of Interest Will Money Double Itself In Seven Years Six Months If Compounded Semi Annually 1 (21.87 KiB) Viewed 41 times
At what nominal annual rate of interest will money double itself in seven years, six months if compounded semi-annually? KIS The nominal annual rate of interest for money to double itself in seven years, six months is % per annum compounded semi-annually. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”