In how many years is required for $2000 to increase by $3000 if interest is 12% compounded semi annually. a. 7.86 years b. 8.52 years c. 10.75 years d. 9.5 years

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
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Chapter5: The Time Value Of Money
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In how many years is required for $2000 to increase by $3000 if interest is 12% compounded semi annually.

a. 7.86 years
b. 8.52 years
c. 10.75 years
d. 9.5 years
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