Question: Charles has a savings account with a balance, today, of 100,000 SAR in his investment account. He expects to obtain a yearly return of

Charles has a savings account with a balance, today, of 100,000 SAR in his investment account. He expects to obtain a yearly return of 12% in his investments. How long will it take for Charles to have 4 times the balance that he has today in savings account? (Hint: use the NPER excel function) Answer:

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