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Charles has a savings account with a balance, today, of 100,000 SAR in his investment account. He expects to obtain a yearly return of
Charles has a savings account with a balance, today, of 100,000 SAR in his investment account. He expects to obtain a yearly return of 12% in his investments. How long will it take for Charles to have 4 times the balance that he has today in savings account? (Hint: use the NPER excel function) Answer:
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
