John wants to save $100,000 for his retirement. He just received a $20,000 bonus for top sales. He invests all of his bonus into an account that pays 4.39%
compounded each year.
To the nearest whole year, how many years will it take for his money to double?
How many years will it take for his money to triple? How many years will it take for
his money to quadruple? How many years will it take for John to have $100,000 in
his retirement account?
John's money will double in
years.
John's money will triple in
years.
John's money will quadruple in
years,
John will have $100,000 in his retirement account in
years