Question
a. How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an annual interest
a. How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an annual interest rate of 8%?
b. At what annual interest rate must $10,000 be invested so that it will grow to be $475,000 in 20 years?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
