Based on the Rule of 72 determine how long it would take to double an investment of $5,000 if you could invest it at 10 percent. Round your answer to one decimal place. years How long would it take to triple the investment? Use Appendix A-1. Round your answer to the nearest whole number. Round Future Value of a Single Amount in intermediate calculations to four decimal places. years

Based on the Rule of 72 determine how long it would take to double an investment of $5,000 if you could invest it at 10 percent. Round your answer to one decimal place. years How long would it take to triple the investment? Use Appendix A-1. Round your answer to the nearest whole number. Round Future Value of a Single Amount in intermediate calculations to four decimal places. years

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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