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Author Question: Using the Time Value of Money charts provided, answer the following question(s). (Note to ... (Read 29 times)

folubunmi

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Using the Time Value of Money charts provided, answer the following question(s).



(Note to Instructors: Provide the appropriate tables to students from Personal Finance, Sixth Edition, Appendix C: Financial Tables.)





How many years will it take for $500 to grow to $1,039.50 if it is invested at 5% compounded annually?


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Marked as best answer by folubunmi on Apr 12, 2019

dominiqueenicolee

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