How long will it take $2,000 to reach $5,000 when it grows at 10 percent per year?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:25 AM

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How long will it take $2,000 to reach $5,000 when it grows at 10 percent per year?

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FV N PV 1 i N 5000 2000 1 010 N 110 N 5 2 the thousands ...View the full answer

Finance Applications and Theory

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