a) Approximately how long (approximate years) would it take if you put in a lump sum to double at the rate above? b) How much will you have after 43 years if you deposit $5,214 at the end of each year? c) How much will you have after 43 years if instead, you deposit $100 at the end of each week instead (forget about the leap years, pretend there are 52.14 weeks per year for the next 43 years) at the same growth rate?

a) Approximately how long (approximate years) would it take if you put in a lump sum to double at the rate above? b) How much will you have after 43 years if you deposit $5,214 at the end of each year? c) How much will you have after 43 years if instead, you deposit $100 at the end of each week instead (forget about the leap years, pretend there are 52.14 weeks per year for the next 43 years) at the same growth rate?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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