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

how long did the bid bang occur
elle can buy 2 quarts of milk for 3$ or 1 gallon milk for 3$ which is the better deal
Owen took a total of 24 quizzes over the course of 6 weeks. How many weeks of school will Owen have to attend this quarter before he will have taken a total of
The Hawaiian language has 12 letters: five vowels and seven consonants. Each of the 12 Hawaiian letters are written on a slip of paper and placed in the bag. A
which of these is equialent to 4 to the power of 3
find the sum 1 3/5 + 8 1/2 A) 10 1/5 B) 10 1/10 C) 2/5 D) 1/10
7/10 of 120 and show work pls
I don't know how to do this
You are unloading your firearm. you start by pointing the muzzle in a safe direction. what is the next step you should take?
What is climate? What four factors are its components?