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can somebody help me thanks K means compound k times a year. 1.6 Today you have P to invest in a security that pays an
can somebody help me thanks
K means compound k times a year.
1.6 Today you have P to invest in a security that pays an interest rate of r per year and compounds in k periods. - Find the formula to determine how long it will take this investment to grow to xP ? - Does the length of time depend on the initial amount P ? - How long will it take to double the investment of $1000 where r is 6% with daily compounding? - How long will it using the simple interest rate when r is 6%Step by Step Solution
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