How long it will take USD1,000 to double if it was invested in a bank that paid

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How long it will take USD1,000 to double if it was invested in a bank that paid 6%?

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Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Feb 20, 2024 11:49 PM

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How long it will take USD1,000 to double if it was invested in a bank that paid

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Assuming a simple interest rate it would take approximately 12 years for USD 1000 to double if it wa... View the full answer

Corporate Finance A Focused Approach

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