menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Finance Markets Investments
  4. Exam
    Exam 9: Time Value of Money
  5. Question
    It Will Take Approximately 18
Solved

It Will Take Approximately 18

Question 1

Question 1

True/False

It will take approximately 18.8 years for a $100 deposit to result in a future value of $600 if I can earn 10% on my deposit.

Correct Answer:

verifed

Verified

Related Questions

Q2: Anders owns stock in a company which

Q5: The present value of an annuity of

Q7: The future value of a $100 annuity

Q11: The future value of $2,000 invested at

Q16: A potential investment pays $10 per year

Q66: Tracey deposits $5,000 in a five-year certificate

Q68: For a given discount rate, an ordinary

Q86: If the present-value interest factor for i

Q115: An annuity due may also be referred

Q132: If you have an account with a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines