How many years will it take an investment to double at 6.4% compounded monthly? (Round to the nearest tenth)

Number of Years to Double= 10.62 years

Step-by-step explanation:

First, we need to calculate the real annual interest rate:

Real annual interest rate= {[(i/12)+1]^12} - 1

Real annual interest rate=  [{(0.064/12) + 1]^12 - 1}

Real annual interest rate= 0.0659

Now, we need to use the rule of 72. The rule of 72 is a means of estimating the number of years it takes for an investment or your money to double.

Number of Years to Double= 70/Annual Rate of Return

Number of Years to Double= 70/6.59

Number of Years to Double= 10.62 years

okay wait before i answer, is this for your points on a graph?

to find the perimeter of the rectangle this is the expression:

x-9+x-9+3x-4+3x-4=138

if we simplify it:

8x-26=138

remember, 138 is what it all adds up to

the length is 11.5cm

the width is 57.5cm

the area is 661.25cm^2

the answers might not be correct use at own risk