Long-term interest rates in Australia are 3.5% per year. If you invest $2,000 in Australia, and interest
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Long-term interest rates in Australia are 3.5% per year. If you invest $2,000 in Australia, and interest is compounded quarterly, how long will it take for your investment to reach $6,000? Use logarithms to give the exact value and then round your value to 2-decimal places (e.g., you might give ln(2) for the exact value and 0.69 as the rounded value).
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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