When will an investment of 4,000.00 double if the effective rate 8% per annum?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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When will an investment of 4,000.00 double if the effective rate 8% per annum?
Transcribed Image Text:When will an investment of 4,000.00 double if the effective rate 8% per annum?
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