You have $2,000 invested in a bank that pays 5.2% annually. How long will it take for

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You have $2,000 invested in a bank that pays 5.2% annually. How long will it take for your funds to double?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Feb 06, 2024 12:16 AM

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You have $2,000 invested in a bank that pays 5.2% annually. How long will it take for

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Solution To determine how long it will take for your funds to double we can use the rule of 72 The ... View the full answer

Principles of Finance

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