Question
Is there a formula with this question? Upon graduating from college, Joan makes an annual salary of $46,305, a goal is set to double this
Is there a formula with this question?
Upon graduating from college, Joan makes an annual salary of $46,305, a goal is set to double this in the future. If the salary increases at an average annual rate of 9.09 percent, how long will it take to reach this?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
