An $1100 investment earning 6.3% compounded annually grew to $4483.92. What was the term of the investment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:31 AM

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An $1100 investment earning 6.3% compounded annually grew to $4483.92. What was the term of the investment?

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Given PV 1100 FV 448392 j 63 m 1 Since the compound...View the full answer

Business Mathematics In Canada

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