Question
In an account Albertina Schroeden currently has $198,280.00. At a rate of 1.00% how long will it take for them to have $268,930.00 assuming semi-annually
In an account Albertina Schroeden currently has $198,280.00. At a rate of 1.00% how long will it take for them to have $268,930.00 assuming semi-annually compounding? (Hint: compute the exact years, do not use rule of 70/72)
Multiple Choice
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30.55 years
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15.31 years
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61.11 years
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30.63 years
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
