Question
If you open a savings account that earns 8.5% simple interest per year, what is the minimum mumber of years you must wait to double
If you open a savings account that earns 8.5% simple interest per year, what is the minimum mumber of years you must wait to double your balance? Suppose you open another account that earns 7.5% interest compounded yearly. How many years will it now take to double your balance ?
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The Handbook Of International Trade And Finance
Authors: Anders Grath
4th Edition
0749475986, 978-0749475987
