How long will it take for $1, 300 to double if it is invested at 10%...
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How long will it take for $1, 300 to double if it is invested at 10% annual interest compounded 2 times a year? Enter in exact calculations or round to 3 decimal places. It will take years to double. Preview How long will it take if the interest is compounded continuously? Compounded continuously, it would only take Points possible: 8 This is attempt 1 of 1. years. Preview Licente How long will it take for $1, 300 to double if it is invested at 10% annual interest compounded 2 times a year? Enter in exact calculations or round to 3 decimal places. It will take years to double. Preview How long will it take if the interest is compounded continuously? Compounded continuously, it would only take Points possible: 8 This is attempt 1 of 1. years. Preview Licente
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To calculate the time it takes for an investment to double we can use the formula for compound inter... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date:
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