Question
David has a savings account with a 7,000 balance today. The account earns an annual percentage rate of interest of 3.00%, compounded monthly. David plans
David has a savings account with a 7,000 balance today. The account earns an annual percentage rate of interest of 3.00%, 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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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
