The doubling time of an investment with continuous compound interest is 12.6 years. If the investment is worth $21,000 today, how much will it be worth 7 years from now ? Round to nearest cent.
The doubling time of an investment with continuous compound interest is 12.6 years. If the investment is worth $21,000 today, how much will it be worth 7 years from now ? Round to nearest cent.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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