How many years will it take for an investment to double in value if the rate of
Question:
How many years will it take for an investment to double in value if the rate of return is 9 percent, and compounding occurs?
a. annually?
b. quarterly?
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...
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Lets assume the present value of the investment is 1 The f...View the full answer
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NARESH KUMAR
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Related Book For 
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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