a. 6%. 11.90 year(s) b. 10%. c. 17%. year(s) 4.41 year(s) d. 100%. 1.00 year(s)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How long will it take $100 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places.
a. 6%.
11.90 year(s)
b. 10%.
c. 17%..
year(s)
4.41 year(s)
d. 100%.
1.00 year(s)
Transcribed Image Text:How long will it take $100 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. a. 6%. 11.90 year(s) b. 10%. c. 17%.. year(s) 4.41 year(s) d. 100%. 1.00 year(s)
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