For each of the following cases, determine the number of years it will take for the initial

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For each of the following cases, determine the number of years it will take for the initial deposit to grow to equal the future amount at the given interestrate.

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Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Question Posted: Mar 05, 2012 04:50 AM

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For each of the following cases, determine the number of years it will take for the initial

Question:

Case Initial deposit Future amount Interest rate $ 300 12,000 9,000 100 7,500 S 1,000 15,000 20,000 7% 10 500 30,000 15

Step by Step Answer:

A I 7 PV 300 FV 1000 B I 5 PV 12000 FV 15000 Solv...View the full answer

Principles Of Managerial Finance

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