To determine how long it would take an investment to double at 10 percent,you could scan down the 10 percent column until you reach a factor of approximately 2.0 on the ________ table.
A)Present Value of $1
B)Future Value of $1
C)Present Value of an annuity
D)Future Value of an annuity

Question

Quizplus · Accepted Answer

The Future Value of $1 table shows the future value of a single dollar invested today at different interest rates for varying periods of time. By finding the factor closest to 2.0 in the 10 percent column, you can determine how many periods it would take for an investment to double at a 10 percent interest rate.

To Determine How Long It Would Take an Investment to Double