Question
At an interest rate of 9 percent, an investment of $1 would double in 8.04 years. How long to the nearest year would it take
At an interest rate of 9 percent, an investment of $1 would double in 8.04 years. How long to the nearest year would it take an investment of $1 to grow four fold (4 times) if the interest rate was only 6 percent?
| a. | 12 years |
| b. | 24 years |
| c. | 36 years |
| d. | 48 years |
| e. | 96 |
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
