Asked by Naderay Atefi on Jun 14, 2024
Verified
How long will it take an investment to double in value if it earns 4.5% compounded quarterly?
Compounded Quarterly
This refers to the process of applying interest to an initial amount of money (principal) four times a year, at the end of each quarter.
- Gauge the duration it takes for an investment to escalate to a particular magnitude given varying compounding cycles.
Verified Answer
JS
Learning Objectives
- Gauge the duration it takes for an investment to escalate to a particular magnitude given varying compounding cycles.