How long did it take for an investment of $22,500 to grow to $27,000 at 2.07% compounded

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How long did it take for an investment of $22,500 to grow to $27,000 at 2.07% compounded semi-annually?Express the answer in years and months, rounded to two decimal places.

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Oct 04, 2023 10:16 AM

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How long did it take for an investment of $22,500 to grow to $27,000 at 2.07% compounded

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To calculate the time it takes for an investment to grow you can use the formula for compound intere... View the full answer

Principles of Finance

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