In an account Albertina Schroeden currently has $198,280.00. At a rate of 1.00% how long will it take for them to have $268,930.00 assuming semi- annually compounding? (Hint: compute the exact years, do not use rule of 70/72) Multiple Choice 30.63 years 30.55 years 15.31 years 61.11 years
In an account Albertina Schroeden currently has $198,280.00. At a rate of 1.00% how long will it take for them to have $268,930.00 assuming semi- annually compounding? (Hint: compute the exact years, do not use rule of 70/72) Multiple Choice 30.63 years 30.55 years 15.31 years 61.11 years
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:In an account Albertina Schroeden currently has $198,280.00. At a rate of 1.00% how long will it take for them to have $268,930.00 assuming semi-
annually compounding? (Hint: compute the exact years, do not use rule of 70/72)
Multiple Choice
30.63 years
30.55 years
15.31 years
61.11 years
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