At what interest rate (i) would a PV of $100 be the same as a FV of $100 in any given year
At what interest rate (i) would a PV of $100 be the same as a FV of $100 in any given year (n)? Do you have money in a savings account? You should! How much interest are you earning? Is it enough? If left in place at this interest rate, when would your savings account double?