Question

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If Tyler Corporation invested $10,000 today, how many years will it take for it to double...

  1. If Tyler Corporation invested $10,000 today, how many years will it take for it to double its investment if the annual interest rate is 6%? Round to nearest whole number.

N=

I =                                          

PV =

PMT =

FV =

P/Y=

Solutions

Expert Solution

Number of years = 12 years

--------------------------------------------------

I = 6%   

PV = 10,000

PMT =0

FV = 20,000

P/Y= 1

N =?

jeff jeffy answered 3 years ago
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