How long will it take for an investment to double at a 4% per year simple interest rate? How long will it take?
How long will it take for an investment to double at a 4% per year simple interest rate? How long will it take for an investment to double at 4% per year compounding annually?
Investment best answer:
Answer by yahoomygoogle
Let's say you invest one dollar, you get 4 cents worth of interest every year, so you'll have another dollar in 25 years, doubling your investment.
Compound interest it will take 18 years.
Investment
EU Foreign Direct Investment [SEMINAR]
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