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4 A ) . We sometimes need to find out how long it will take a sum of money ( or anything else ) to
A We sometimes need to find out how long it will take a sum of money or anything else to grow to some specified amount. For example, if a company's sales are growing at a rate of per year, how long will it take sales to double?
B If you want an investment to double in years, what interest rate must it earn?
C What are the future values of a year ordinary annuity and annuity due of $ if the appropriate interest rate is
D What is the effective annual rate EAR or EFF What is the EFF for a nominal rate of compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily?
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