5-2B. (Compound value solvingfor n) How many years will the following take? a. $550 to grow to...

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5-2B. (Compound value solvingfor n) How many years will the following take?

a. $550 to grow to $1,043.90 if invested at 6 percent compounded annually

b. $40 to grow to $88.44 if invested at 12 percent compounded annually

c. $110 to grow to $614.79 if invested at 24 percent compounded annually

d. $60 to grow to $78.30 if invested at 3 percent compounded annually

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Related Book For  book-img-for-question

Financial Management Principles And Applications

ISBN: 9780131450653

10th Edition

Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.

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