How long would it take $1,000 to double if it was invested in a bank that paid
Question:
How long would it take $1,000 to double if it was invested in a bank that paid 6% per year? How long would it take if the rate was 10%? (11.9 years;
7.27 years)
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted: