Question
How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded semiannually? Answer is 16.5 years Please show steps on
How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded semiannually?
Answer is 16.5 years
Please show steps on how to get answer using present value and future value
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
