Question 4 How long would it take you to double your money in an investment if it earns 5% compounded monthly? For full marks, your answer should be rounded to the nearest whole month.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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Question 4 

How long would it take you to double your money in an investment if it earns 5% compounded monthly? For full marks, your answer should be rounded to the nearest whole month.

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