Michelle wants to double his money in 17 years in an investment fund. What nominal quarterly compounding
Fantastic news! We've Found the answer you've been seeking!
Question:
Michelle wants to double his money in 17 years in an investment fund. What nominal quarterly compounding interest rate do you suggest that he look for? (Hint: If money doubles, the ratio of FV to PV is 2.)
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date: