Leason 1 Flashcards
1
Q
If the price of real estate inflates at an average of 4% per annum, how many years would it take for the price to double.
A
18 years
4 I/YR 1 P/YR -1 PV 2 FV 0 PMT N = 17.67
If the price of real estate inflates at an average of 4% per annum, how many years would it take for the price to double.
18 years
4 I/YR 1 P/YR -1 PV 2 FV 0 PMT N = 17.67