We deposit $ 8000 into an investment account. What annual rate of interest is needed in order for the investme?
We deposit $ 8000 into an investment account. What annual rate of interest is needed in order for the investment account to double in 10 years if interest is compounded continuously?
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Answer by bennhendricks
depends on what the account is . ex. a savings account wouldn't do as well as a money market , or if the market was better you could put it in mutual funds to get the return your looking for .
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2013-05-16 Russell Investments Center
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2013-05-16 Russell Investments Center
Orignal From: We deposit $ 8000 into an investment account. What annual rate of interest is needed in order for the investme? and 2013-05-16 Russell Investments Center
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