1 How long it will take for a sum of money to quardruple at 10% compounded annually? [ans:11.51%]. What is the nominal rate compounded monthly that will make $1000 become $2000 in 5 years? [ans:13.9%].
1 How long it will take for a sum of money to quardruple at 10% compounded annually? [ans:11.51%]. What is the nominal rate compounded monthly that will make $1000 become $2000 in 5 years? [ans:13.9%].
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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1
How long it will take for a sum of money to quardruple at 10% compounded annually? [ans:11.51%].
What is the nominal rate compounded monthly that will make $1000 become $2000 in 5 years? [ans:13.9%].
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