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4. At 4.3 percent interest, how long does it take to double your money? To quadruple it? SHOW WORK AND FORMULA Present value $1 Interest
4. At 4.3 percent interest, how long does it take to double your money? To quadruple it? SHOW WORK AND FORMULA | |||||
Present value | $1 | ||||
Interest rate | 4.30% | ||||
Future value | $2 | ||||
Future value | $4 | ||||
(Use cells A6 to B9 from the given information to complete this question.) | |||||
Periods to double | |||||
Periods to quadruple |
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