Question: How long willit take $2.000 to reach $6,000 when it grows at 12 percent per year? (Do not round intermediate colculations. Round months to 1

 How long willit take $2.000 to reach $6,000 when it grows

How long willit take $2.000 to reach $6,000 when it grows at 12 percent per year? (Do not round intermediate colculations. Round "months" to 1 decimal ploce.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!