Question: Upon graduating from college, you make an annual salary of $95,798. You set a goal to double it in the future. If your salary increases

 Upon graduating from college, you make an annual salary of $95,798.

Upon graduating from college, you make an annual salary of $95,798. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.32 percent, how long will it take to reach your goal? Round the answer to two decimal places

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 Accounting Questions!