Question: Using your stocks average return as the compounding rate, use TVM to determine how long it will take your stock to double in value. Use

Using your stocks average return as the compounding rate, use TVM to determine how long it will take your stock to double in value. Use your stocks current market value as your PV and make sure your FV is double that amount. Solve for the number of years/periods (N).

Target Stock's Average Return:

The average annual return is 37.04%

Average monthly return is 2.66%

Stock's Current Market Value (PV): 243.84

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