Question: Rounded to the nearest month, how long will it take an investment to double if it earns: a. 8.4% compounded annually? b. 10.5% compounded semiannually?

Rounded to the nearest month, how long will it take an investment to double if it earns:
a. 8.4% compounded annually?
b. 10.5% compounded semiannually?

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a Given PV 1 FV 2 j 84 m 1 Each period is 1 year The partial period is 0593712 months 712 ... View full answer

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