Jeremy invests $8094 today in a fund earning j2=2% . How long will it take for his money to double?
a.
2.05 years
b.
34.83 years
c.
69.66 years
d.
12.98 years
Answers
Jeremy invests $8094 today in a fund earning j2=2% . How long will it take for his money to double?
a)2.05 years
If you want to double your money in five years, your investments should grow at around 14.4% per year
Kisan Vikas Patra will double your money in 10 years at current interest rate
Every investor wants to grow his wealth by as much as possible in the shortest period of time. The time span required to double your money would depend on the returns or interest rate earned on your investments. Obviously, higher the interest or return on your investment, faster will your money double. You can very easily find out the time your investments would take to double your money using a DIY formula called 'the rule of 72'.
@EVYAAN.
Answer:
2.05 years ok please give me points I also need to ask questions