Question
Future value You have $200 to invest. If you can earn 12% interest, about how long does it take for your $200 investment to grow
Future valueYou have
$200
to invest. If you can earn
12%
interest, about how long does it take for your
$200
investment to grow to
$400?
Suppose the interest rate is just half that, at
6%.
At half the interest rate, does it take exactly twice as long to double your money? Why or why not? How long does it take?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
