Rounded to the nearest quarter year, how long will it take an investment to quadruple if it

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Rounded to the nearest quarter year, how long will it take an investment to quadruple if it earns:
a. 8% compounded annually?
b. 9% compounded semiannually?

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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 07:32 AM

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Rounded to the nearest quarter year, how long will it take an investment to quadruple if it

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a Given PV 1 FV 4 j 8 m 1 Since each period is 1 year the fractional period is just 4 quarters ...View the full answer

Business Mathematics In Canada

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