Problem 5-08, How long, given interest rates

Fundamentals of Corporate Finance

Brealey, Myers, and Marcus

10th Edition

5
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Difficulty – Medium

Determine how long a certain amount of money will grow to a larger value at three different interest rates.

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  • Search Terms: $ $, (do (lo) how - .% at calculations. decimal following for future grow interest intermediate it long not places.) a. problem rates? round take the to values will years years b. years c. your answers
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