Question
About how manyyearswould it take for your investment to grow 8-fold (i.e., 1 dollar investment becomes 8-dollars) if it were invested at an interest rate
About how manyyearswould it take for your investment to grow 8-fold (i.e., 1 dollar investment becomes 8-dollars) if it were invested at an interest rate of 7% per annum compounded semi-annually?
Please provide your answer to two decimal places, without the unit of years (e.g., 12.12).
Answer:
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
