Answered: TIME FOR A LUMP SUM TO DOUBLE If you…

TIME FOR A LUMP SUM TO DOUBLE If you deposit money today in an account that pays 6 5% annual interest, how long will it take to double your money?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 4QTD

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