Question
At a growth (interest) rate of 16 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for
At a growth (interest) rate of 16 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Time needed to double in years?
Time needed to triple in years?
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Financial Sector Reform And Privatization In Transition Economies
Authors: John Doukas, Victor Murinde, Clas Wihlborg
1st Edition
044482653X, 9780444826534
