You have $500 in an account that earns 2.5% annual interest. How many years will it take

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You have $500 in an account that earns 2.5% annual interest. How many years will it take for the amount to grow to $1,000?

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Posted Date: Apr 05, 2024 05:30 AM

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You have $500 in an account that earns 2.5% annual interest. How many years will it take

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We can use the compound interest formula to calculate the numbe... View the full answer

Financial Management Principles and Applications

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