Question:

Suppose you invest $1,000 in an account paying 7% compounded

Last updated: 7/20/2022

Suppose you invest $1,000 in an account paying 7% compounded

Suppose you invest $1,000 in an account paying 7% compounded annually. Assuming no other deposits or withdrawals, how many years would it take for the amount in the account to double to $2,000? Round to the nearest 10th