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How long will it take ( in years and months ), for $100 to double in value, if it earns interest at 3.21% compounded monthly
How long will it take (in years and months), for $100 to double in value, if it earns interest at 3.21% compounded monthly. Round the month to the next higher month (e.g. 7.1 becomes 8). Do not enter a value of 12 months, it must be converted to another year (e.g. 2 years 12 months must be converted to 3 years 0 months). Years must be an integer. If years is an exact integer such as 17 years 0 months, a zero must be entered for months. All answer boxes must have an entry!
I/Y = | % | P/Y = C/Y = |
PV = | $ | PMT = | $ | FV = | $ |
Time = | years and | months |
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