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Ingls - You have $ 200 to invest. If you can earn 10% interest, how long will it take for your $ 100 investment to
Ingls - You have $ 200 to invest. If you can earn 10% interest, how long will it take for your $ 100 investment to become $ 200? Now suppose that the interest rate is exactly half: 6%. At half the interest rate, will doubling your money take twice as long? Why? How long will it take? 2. Pepito Prez deposits $ 1500 in a savings account that pays 7% annual compound interest and wants to know how much money he will have in the account after 5 years. What is the future value
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