Respuesta :
It will take 10.29 years to double a $100 investment when interest rates are 7 percent per year.
Investment definition is an asset obtained or invested in to build wealth and keep money from the difficult earned earnings or appreciation. funding meaning is mainly to reap an extra source of earnings or advantage take advantage of the funding over a selected period of time.
Making an investment is an effective manner to put your cash to work and doubtlessly construct wealth. smart investing might also allow your money to outpace inflation and increase in price. The greater boom capacity of making an investment is primarily due to the energy of compounding and the hazard-return tradeoff.
In the most straightforward sense, making an investment works while you buy an asset at a low fee and promote it at a higher fee. This form of go back on your investment is known as a capital advantage. incomes returns by using selling assets for a profit—or knowing your capital profits—is one way to make cash investing.
N = 72 / 7
≈ 10.29 years
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