how long will it take to double the amount-
2017/06/06 03:22
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標題:
how long will it take to double the amount?
發問:
XYZ investment fund promised an annual growth rate of 12 percent, compounded monthly. For an initial investment of $100,000, how long will it take to double the amount?
最佳解答:
Sol 0.12/12=1.01 1.01^n>=2 nlog1.01>=log2 n>=log2/log1.01 n> =0.30103/0.00432137 n>-69.67 70months
how long will it take to double the amount?
發問:
XYZ investment fund promised an annual growth rate of 12 percent, compounded monthly. For an initial investment of $100,000, how long will it take to double the amount?
最佳解答:
Sol 0.12/12=1.01 1.01^n>=2 nlog1.01>=log2 n>=log2/log1.01 n> =0.30103/0.00432137 n>-69.67 70months
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