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Rhonda is 22 years old and would like to invest $2;000 into a U.S, Treasury Note earning 5.5% interest. How many times will Rhonda's investment double before she draws it out at age 70?

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Answer:

Rhonda is 22 years old and would like to invest $2,000 into a U.S. Treasury Note earning 7.5'0 interest. How many times will Rhonda's investment double before she withdraws it at age 70? 72 I 7.5 = 9.6 (Money will double in 9.6 years) 70 - 22 = 48 years 48 I 9.6 = 5 times (her money will double 5 times until she is 70.

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