Solved: Future value interest factors, Finance Basics

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Future value interest factors

Problem: Use the future value interest factors in Appendix Table in each of the cases shown in the table on the facing page to estimate, to the nearest year, how long it would take an initial deposit, assuming no withdrawals,

1. To double.
2. To quadruple.

Case Interest rate

A    7%
B    40
C    20
D    10

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Finance Basics: Future value interest factors

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