In how many years is required for $2000 to increase by $3000 if interest is 12% compounded semi annually. a. 7.86 years b. 8.52 years c. 10.75 years d. 9.5 years
In how many years is required for $2000 to increase by $3000 if interest is 12% compounded semi annually. a. 7.86 years b. 8.52 years c. 10.75 years d. 9.5 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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In how many years is required for $2000 to increase by $3000 if interest is 12% compounded semi annually.
a. 7.86 years
b. 8.52 years
c. 10.75 years
d. 9.5 years
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