DQuestion 5 From a young age, your rich aunt had a knack for investing in the st

Question

DQuestion 5 From a young age, your rich aunt had a knack for investing in the stock market. She was so successful, her strategy doubled her investment portfolío value every four years. In fact, she was so successful, her portfolio was worth $1,000,000 at age 40. That's all the more impressive given that her portfolio value was $500,000 at age . At what age was her portfolio value $500,000? Answer in a whole years, with no decimals or punctuation, rounding to the nearest year, if needed. For example, if your answer is 12.33, enter "12

Explanation / Answer

increase in her portfolio = 1,000,000/500,000 = 2X

So her portfolio doubled in the last four years

her age when worth was 500,000 = 40 - 4 = 36 years

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