Q. You have $10,000 to invest. Assuming annual compounding, how long will it take for the $10,000 to double if it is invested at an annual interest rate of 14 percent?
Open the Single Cash Flow screen. Select solve for Time period.
Future Value: 20000
Present Value: 10000
Annual Interest Rate: 14
Compounding Interval: Yearly
Ans: 5.29 years
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