Rounded to the nearest month, how long will it take an investment to double if it earns:

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Rounded to the nearest month, how long will it take an investment to double if it earns:
a. 8.4% compounded annually?
b. 10.5% compounded semiannually?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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Rounded to the nearest month, how long will it take an investment to double if it earns: a. 8.4% compounded annually? b. 10.5% compounded semiannually?
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Rounded to the nearest month, how long will it take an investment to double if it earns:

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a Given PV 1 FV 2 j 84 m 1 Each period is 1year The partial period is 0593712 mo...View the full answer

Business Mathematics In Canada

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