How many years will the following take? a. $ 500 to grow to $ 1,039.50 if invested
Question:
a. $ 500 to grow to $ 1,039.50 if invested at 5 percent compounded annually
b. $ 35 to grow to $ 53.87 if invested at 9 percent compounded annually
c. $ 100 to grow to $ 298.60 if invested at 20 percent compounded annually
d. $ 53 to grow to $ 78.76 if invested at 2 percent compounded annually
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a IY 5 PV 500000 PMT 0 FV 103950 CPT N 1...View the full answer
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Diane Joyce Pastorin
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Related Book For 
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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