How long will it take for your money to double when it is invested at an annual rate of 
and compounded yearly? How long will it take for your money to double at an annual rate of 
?
Definitions:
Retention Ratio
The proportion of net income that is retained by a company, rather than distributed to shareholders as dividends.
Receivables Balance
The total amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Average Collection Period (ACP)
Measures the average number of days it takes for a company to collect payments from its customers.
Financial Planning
The process of creating strategies for managing financial resources to meet life goals.
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