Question
Suppose Matt initially invests $3000 in an account bearing 4% interest compounded monthly. How long will it take for the deposit to double in
Suppose Matt initially invests $3000 in an account bearing 4% interest compounded monthly. How long will it take for the deposit to double in value? Round to the nearest 0.01 year.
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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