If Teddy Godfried Invests $10,000 Today in an Account Compounding

question 140

Multiple Choice

If Teddy Godfried invests $10,000 today in an account compounding yearly, and he wants his money to at least double within 10 years, what interest rate is needed?

• A)5%
• B)6%
• C)7%
• D)8%

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