Double Your Money

COMPUTE WHEN YOUR MONEY WILL DOUBLESCENARIO:
  • You would like to invest a certain amount today in a time deposit account.
  • By compounding with the prevailing interest rate, how long will it take to double your money?
Select your desired monetary unit.
The amount you want to deposit today. (i.e. 100,000)
The rate by which that amount will be compounded. (i.e. 7%)
The number of times the amount will be compounded within a year. (i.e. 1)