9.17. If the future value of $10,000 today is $13,328, and the interest rate is 9 percent
Question:
9.17. If the future value of $10,000 today is $13,328, and the interest rate is 9 percent compounded annually:
a. What is the holding period t (in years)?
b. How does t change if the interest rate is 9 percent compounded semiannually?
c. How does t change if the interest rate is 11 percent compounded annually?
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Related Book For 
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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