Busıness Fınance I Deneme Sınavı Sorusu #833030

How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an interest rate of 8%?


20

18

16

14

12


Yanıt Açıklaması:

$468,000= $136,000 (1.08)^n

3.44= 1.08^n

n=log3.44/log 1.08

n=16

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