drzewostan8792 drzewostan8792
  • 01-08-2017
  • Business
contestada

The doubling time of the balance for a money market certificate of deposit (cd) is 25 years. by what factor does it grow in 40 years?

Respuesta :

peterdaly
peterdaly peterdaly
  • 07-08-2017
If the balance in a money market certificate of deposit doubles in 25 years then it has grown by 200%. For 40 years, that is 15 years more than the 25 so 15/25=0.6 x 200=120 %. Then a  weighted average of 25 x 200 and 15 x 120 gives 170% average growth. 
Answer Link

Otras preguntas

What is the total amount of money owed by the government? A. the national investment B. the national debt C. the national deficit D. the national balance
Being properly hydrated can help reduce the risk of injury. a. True b. False
Roosevelt's policy enforcing the Monroe Doctrine in the Caribbean was called the
Paris is southeast of london true or false
What language does the word Abracadabra originate from?
Samuel Johnson wrote periodical essays in only one newspaper. True or false?
5 cm 13 cm and 12 cm is a right triangle
Which word best completes this analogy? madrigal : song : : mumps : A. antidote B. disease C. predominance D. sentinel
Which of the following is likely to indicate a conclusion? Assuming that Given that It follows that Provided that
What two universities did Barack Obama graduate from? Harvard Law School Occidental College University of Hawaii Columbia University