Skittles99
Answered

Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen?

A.

4.4%

B.

7.2%

C.

14.4%

D.

16.6%

Verified Answer :

the answer is B hope i helped

brockrohn

Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen?
A.
4.4%

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