Posted by roland on Monday, November 28, 2011 at 9:43pm.
1,150,000 in cash. How long would it take them to accumulate $2,000,000 in cash? Assume an interest rate of 5 percent.

accounting  SraJMcGin, Tuesday, November 29, 2011 at 2:20am
Figure it out. Take .05 of $1,150,000 and then add that to the amount for the 2nd year. Keep doing that until you reach $2,000.000.00
Sra
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