Question: Below is an example of a problem in which the information you need is impled, but not drectly stated If you will have double your
Below is an example of a problem in which the information you need is impled, but not drectly stated If you will have "double your money", how much more money will you have in the fulure Well d you have a $1 today you wil have $2 in the future or $7 today is $14 in the future, it doesn't matter what values wo cho0se because the soluion to the number of periods or interest rate would be the same How many years will t take for you to doutle your money? You are currently investing your money in an investment that has a nominal annual rate of 9 percent
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