How many years will the following take? a. $500 to grow to $1,039.50 if its invested at

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How many years will the following take?
a. $500 to grow to $1,039.50 if it’s invested at 5 percent compounded annually
b. $35 to grow to $53.87 if it’s invested at 9 percent compounded annually
c. $100 to grow to $298.60 if it’s invested at 20 percent compounded annually
d. $53 to grow to $78.76 if it’s invested at 2 percent compounded annually

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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