5. If you invest £200 now and want it to double in amount (i.e., grow to £400), how long will you need to deposit it for (to the nearest year), if the investment account available to you gives 3% interest per year?
5. If you invest £200 now and want it to double in amount (i.e., grow to £400), how long will you need to deposit it for (to the nearest year), if the investment account available to you gives 3% interest per year?
Chapter11: Capital Budgeting And Risk
Section: Chapter Questions
Problem 20P
Related questions
Question
5. If you invest £200 now and want it to double in amount (i.e., grow to £400), how
long will you need to deposit it for (to the nearest year), if the investment account
available to you gives 3% interest per year?
6. If a project requires an initial current investment of £100 and promises to raise
£121 after one year, what is this project’s
discount rate is 10% per year?
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