Examlex

Solved

How Many Years Will It Take an Investment to Double

question 36

Essay

How many years will it take an investment to double at an annual interest rate of 4% compounded quarterly? Express your answer in years to 2 decimal places.


Definitions:

Commodity 1

A basic good used in commerce that is interchangeable with other goods of the same type.

M.B.A.s

Master of Business Administration; a graduate degree focusing on business administration and investment management.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.

Sociology

The study of the development, structure, and functioning of human society, including the analysis of social relationships and institutions.

Related Questions