Question
If you deposit $100,000 today in a bank that pays 0.85% a year, how long does it take for your amount to grow to $1
If you deposit $100,000 today in a bank that pays 0.85% a year, how long does it take for your amount to grow to $1 million? *
About 20 years. About 50 years. About 100 years. About 300 years. Too long.
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
