Bob has $2,500 invested in a bank that pays 1% annually. How long will it take for

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Bob has $2,500 invested in a bank that pays 1% annually. How long will it take for his funds to double?
a. 74.54 years
b. 79.41 years
c. 73.14 years
d. 69.66 years
e. 84.99 years

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Jan 09, 2013 02:40 AM

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Bob has $2,500 invested in a bank that pays 1% annually. How long will it take for

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d 6966 years Computation of the following The equation ...View the full answer

Fundamentals of Financial Management

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