How long will it take $500 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. a. 4%. b. 11%. c. 20%. d. 100%. year(s) year(s) year(s) year(s)

How long will it take $500 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. a. 4%. b. 11%. c. 20%. d. 100%. year(s) year(s) year(s) year(s)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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How long will It take $500 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places.
a. 4%.
b. 11%.
c. 20%.
d. 100%.
year(s)
year(s)
year(s)
year(s)

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