Use the future value interest factors in each of the cases


Use the future value interest factors in each of the cases shown in the following table 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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Finance Basics: Use the future value interest factors in each of the cases
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