Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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In an account, Steve Watson currently has $100,000. At a rate of 7.00%, how long will it take for them to have $212,575.00 assuming semi-annually compounding?
(a) 10.96 years
(b) 7.08 years (c) 11.15 years (d) 8.25 years
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