How Long Will It Take for Your Money to Double

question 7

Multiple Choice

How long will it take for your money to double if the annual percentage yield (APY) is 6%?

• A) 12 years.
• B) 12 months.
• C) 10 years.
• D) 10 months.

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Personal Service

A service focusing on personalized care or attention, typically provided directly to an individual.

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A legal case where a party seeks to enforce or defend a legal right through a court process.

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The transfer of rights, duties, or interests under a contract from one party to another.

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A third party who benefits from a contract wherein the promisor agrees to give a gift or confer a benefit directly to the donee beneficiary.