Question
You receive a check for $10,000 from your grandparents for graduation. You've decided to save up for a down payment on a house. You invest
You receive a check for $10,000 from your grandparents for graduation. You've decided to save up for a down payment on a house. You invest by earning 10% a year and think you need to save $20,000 for the down payment.
How long will it take for $10,000 to rise to $20,000?
Step by Step Solution
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Step: 1
To calculate how long it will take for 10000 to grow to 20000 at a 10 ...
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Business and Administrative Communication
Authors: Kitty o. locker, Donna s. kienzler
10th edition
77830105, 978-0077830106, 978-0073403182
