Question
How many years would it take for a debt of $11,989 to grow into $14,352 if the annual interest rate is 2.1% with daily compounding?
How many years would it take for a debt of $11,989 to grow into $14,352 if the annual interest rate is 2.1% with daily compounding?
Round your answer to the nearest tenth of a year.
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
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