Question
David has a savings account with a 4,000 balance today. The account earns an annual percentage rate of interest of 3.25%, compounded monthly. David plans
David has a savings account with a 4,000 balance today. The account earns an annual percentage rate of interest of 3.25%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's account balance to double?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
