Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen?
A.
4.4%
B.
7.2%
C.
14.4%
D.
16.6%
Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen? A. 4.4%
