Future Values Tables
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Chapter 4: Problem 4.3
Use the future value interest factors in Appendix Table A-1 in each of the cases shown in the table on the facing page to estimate, to the nearest year, how long it would take an initial deposit, assuming no withdrawals,
a. To double
b. To quadruple.
Case Interest Rate
A 7%
B 40
C 20
D 10
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Solution Summary
This solution shows how to determine how long it would take an initial deposit, assuming no withdrawals, to double or quadruple with calculations and answer.
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Chapter 4: Problem 4.3
Future value tables. Use the future value interest factors in Appendix Table A-1 in each of the cases shown in the table on the facing page to estimate, to the nearest year, how long it would take an initial deposit, assuming no withdrawals, ...
Purchase this Solution
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