Question
You have $100 to invest. If you earn 12% interest, about how long does it take for your 100 to grow to $200? Suppose that
You have $100 to invest. If you earn 12% interest, about how long does it take for your 100 to grow to $200? Suppose that the interest rate is just that, at 6%. At half the interest rate, does it take twice as long to double your money? Why or why not? How long does it take?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
