Question
How manymonthswould it take for a debt to grow by 76% if the annual interest rate is 2.3%with 6 compounding intervals per year? Hint: each
How manymonthswould it take for a debt to grow by 76% if the annual interest rate is 2.3%with 6 compounding intervals per year?
Hint: each compounding interval is 2 months long.
Round your answer to the nearest month.
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
