How long will it take money to double itself if invested at 5% compounded annually?
A. 13.7 years
B. 14.7 years
C. 14.2 years
D. 15.3 years
Answer: Option C
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The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year
B. Money is borrowed for n = 7 years
C. Both (A) and (B)
D. Neither (A) nor (B)
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20
A. Architect/engineer
B. Construction manager
C. Owner himself/herself
D. Construction manager
2=(1+5%)^x then use calculator to shift solve it x=14.206
What is the formula on how to solve it?