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You are currently investing your money in a bank account which has a nominal annual rate of 7 percent, compounded monthly. How many years will
You are currently investing your money in a bank account which has a nominal annual rate of 7 percent, compounded monthly. How many years will it take for you to double your money?
| m | |
| Nper (or N) =n*m | |
| Rate (or I/Y)=i/m | |
| PV | |
| PMT | |
| FV | |
| Answer |
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Personal Finance Terms Financial Education Is Your Best Investment
Authors: Thomas Herold
1st Edition
1090822871, 978-1090822871
