a. How many years will it take for $136,000 to grow to be $468,000 if it is

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a. How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an annual interest rate of 8%?

b. At what annual interest rate must $10,000 be invested so that it will grow to be $475,000 in 20 years?

Related Book For answer-question

Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Jun 27, 2019 07:58 AM

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a. How many years will it take for $136,000 to grow to be $468,000 if it is

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Practical financial management

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