Question
If the interest rate is 7%, how many years will it take for your bank balance to double from $1,000 to $2,000? Enter the following
If the interest rate is 7%, how many years will it take for your bank balance to double from $1,000 to $2,000?
Enter the following data into your calculator:
I/YR = 7
PV = 1000
PMT = 0
FV = 2000
Solve for N =
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
