Short Answer
What compound annual rate of return is required for an investment to double in:
a) 12 years?
b) 10 years?
c) 8 years?
d) 6 years?
For each case, multiply the annual rate of return (in %) by the time period (in years). Compare the four products. Does the comparison suggest a general rule-of-thumb?
Correct Answer:
Verified
a) 5.95% compounded annually
b...View Answer
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Correct Answer:
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b...
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