A bank account pays an interest rate of 2 % compounded annually. An investor has 4

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A bank account pays an interest rate of

2 %

compounded annually. An investor has

£ 400

to invest and will not withdraw the investment until it has doubled in value. How many years will this take?

Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1111534912

8th edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Feb 23, 2024 09:45 PM

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A bank account pays an interest rate of 2 % compounded annually. An investor has 4

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To determine how many years it will take for the 400 investment to double a... View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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