How does t change if the interest rate is 11 percent, Finance Basics

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How does t change if the interest rate is 11 percent

If the future value of $10,000 today is $13,328, and the interest rate is 9 percent compounded annually:

a. What is the holding period t (in years)?

b. How does t change if the interest rate is 9 percent compounded semiannually?

c. How does t change if the interest rate is 11 percent compounded annually?

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Finance Basics: How does t change if the interest rate is 11 percent

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