How long will it take money to {A} if it earns {B}% compounded quarterly? Provide your answer in years, months, days (i.e. 10 years, 5 months and 2 days). {A} {B} quadruple 5.01% quarterly

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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How long will it take money to
{A} if it earns {B}%
compounded
quarterly?
Provide your answer in years,
months, days (i.e. 10 years, 5
months and 2 days).
{A}
{B}
quadruple 5.01%
quarterly
:
Transcribed Image Text:How long will it take money to {A} if it earns {B}% compounded quarterly? Provide your answer in years, months, days (i.e. 10 years, 5 months and 2 days). {A} {B} quadruple 5.01% quarterly :
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