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A financial institution offers a double-your-money savings account in which you will have $2 in 6 years for every dollar you invest today. What stated
A financial institution offers a "double-your-money" savings account in which you will have $2 in 6 years for every dollar you invest today. What stated annual interest rate (assuming semi-annual compounding) does this account offer?
Please specify your answer in decimal terms and round your answer to the nearest thousandth (e.g., enter 12.3 percent as 0.123).
I think the answer is 0.595, but want to double-check.
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