4. Problem 5.04 (Time for a Lump Sum to Double) еВook If you deposit money today in an account that pays 10% annual interest, how long will it take to double your money? Round your answer to two decimal places. years

4. Problem 5.04 (Time for a Lump Sum to Double) еВook If you deposit money today in an account that pays 10% annual interest, how long will it take to double your money? Round your answer to two decimal places. years

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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4. Problem 5.04 (Time for a Lump Sum to Double)
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If you deposit money today in an account that pays 10% annual interest, how long will it take to double your money? Round your answer to two decimal places.
years

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