How long will it take for him to double his money

Reference no: EM132823916

Question - Manuel Rios wishes to determine how long it will take an initial deposit of $10, 000 to double. If Manuel earns 10% annual interest on the deposit, how long will it take for him to double his money? How long will it take if he earns only 7% annual interest? How long will it take if he can earn 12% annual interest? Reviewing your findings in parts a, b, and c. indicate w hat relationship exists between the interest rate and the amount of time it will take Manuel to double hit money.

Reference no: EM132823916

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