What compound annual rate of return is required for an investment to double in: a. 12 years?
Question:
a. 12 years?
b. 10 years?
c. 8 years?
d. 6 years?
For each case, multiply the annual rate of return (in %) by the time period (in years). Compare the four products. Does the comparison suggest a general rule-of-thumb?
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For all cases let PV 1 and FV 2 a With n 12 and j m...View the full answer
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