1. Business
  2. Finance
  3. problem 516 you invest 270 in a mutual fund today...

Question: problem 516 you invest 270 in a mutual fund today...

Question details

Problem 5.16 You invest $270 in a mutual fund today that pays 9.40 percent interest annually. How long will it take to double your money? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to O decimal place, eg. 545) Number of years

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution