Mathematics, 28.03.2021 01:10 hermesrobles
Tom wants to invest $8,000 in a retirement fund that guarantees a return of 7.99% and is
compounded monthly. Determine how many years (round to hundredths) it will take for his
investment to double. * US
(20 points)
7.53 years
6.26 years
7.00 years
6.66 years
6.88 years
7.79 years
8.70 years
I do not understand
8.23 years
Answer not present
Answers: 3
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Tom wants to invest $8,000 in a retirement fund that guarantees a return of 7.99% and is
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