What interest rate should be, if you would like to increase your present 8 000 USD on to 15 000 USD within three years.
What interest rate should be, if you would like to increase your present 8 000 USD on to 15 000 USD within three years. Frequency of compounding is once a year. Example 6: What time should it take to triple your initial (present) capital when your interest rate is 2% p. a. a) if your frequency of compounding is once per year b) if your frequency of compounding is twice per year
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Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
