Question
I need help on the following problem: How many years will the following take? $587 to grow to $5,805 if invested at 7.01 percent, compounded
I need help on the following problem:
How many years will the following take? $587 to grow to $5,805 if invested at 7.01 percent, compounded annually.
Round the answer to two decimal places.
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
