What is the effect of doubling the investment period

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The final amount for $5000 invested for 25 years at 10% annual interest compounded semiannually is $57, 337.

a. What is the effect of doubling the amount invested?

b. What is the effect of doubling the annual interest rate?

c. What is the effect of doubling the investment period?

 

Reference no: EM13206068

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