Veronica is trying to save money to do her graduate study in USA and she can invest 32,000 at annual compound interest rate of 7.25%. She would need 40,000 for her study. How long does she need to wait until her investment grows in to the required 40,000? Enter your answer (number of years) in absolute number with 2 decimal places.
Veronica is trying to save money to do her graduate study in USA and she can invest 32,000 at annual compound interest rate of 7.25%. She would need 40,000 for her study. How long does she need to wait until her investment grows in to the required 40,000? Enter your answer (number of years) in absolute number with 2 decimal places.
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
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Veronica is trying to save money to do her graduate study in USA and she can invest 32,000 at annual compound interest rate of 7.25%. She would need 40,000 for her study. How long does she need to wait until her investment grows in to the required 40,000? Enter your answer (number of years) in absolute number with 2 decimal places.
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