Solved

At 15% Interest Compounded Annually,approximately How Long Will It Take

Question 105

Multiple Choice

At 15% interest compounded annually,approximately how long will it take Walter to double his money?

A) About five years
B) About three years
C) About seven years
D) About fifteen years
E) About fifty years

Related Questions

Q54: In 1958 the average tuition for one

Q95: If the present value of a perpetual

Q96: What is the present value of $2,000

Q97: Penny just won the state lottery that

Q98: Suzanne has identified a project with the

Q99: You want to have $55,230 at the

Q100: In order to open up your new

Q102: You deposit $100 in a bank for

Q103: The table shows a series of deposits

Q104: Henry purchased stock in Nortel Networks for