Question
Upon graduating from college, you make an annual salary of $51,454. You set a goal to double it in the future. If your salary increases
Upon graduating from college, you make an annual salary of $51,454. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.28 percent, how long will it take to reach your goal? (You should use Excel of financial calculator). All the work has to be shown! Round the answer to two decimal places.
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Get StartedRecommended Textbook for
Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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