Double your money -Rule of 72. Approximately how long will it take to double your money...
Double your money -Rule of 72. Approximately how long will it take to double your money if you get an annual return of 4.4 %, 6.1 %, or 11.7 % on your investment?
Homework Answers
Add Answer to:
Double your money -Rule of 72. Approximately how long will it
take to double your money...
Using the Rule of 72, approximately how long will it take to double your money if...
Using the Rule of 72, approximately how long will it take to double your money if you invest it at 9% compounded annually? (Work out the problem on a separate sheet of paper before entering the answer.) (Round your answer to a whole number)
Using the Rule of 72, approximately how long will it take to double your $1,000 if...
Using the Rule of 72, approximately how long will it take to double your $1,000 if you invest it at 7% compounded annually? (Work out the problem on a separate sheet of paper before entering the answer.) (Round your answer to a whole number)
Using the Rule of 72, determine how long it will take for Maria to double her...
Using the Rule of 72, determine how long it will take for Maria to double her money if she invests and earns the following returns: 1.44%,7.20%, and 6.40% years 1,44% years 7.20% years 6.40%
3. Investment Horizons. How long does the Rule of 72 predict that it will take for...
3. Investment Horizons. How long does the Rule of 72 predict that it will take for $500 to double in value when the effective annual interest rate is 1 percent? Exactly how many years will it take for $500 to double in value when the effective annual interest rate is 1 percent?
3.a. According to the Rule of 72, how long will it take $1,000 to double if...
3.a. According to the Rule of 72, how long will it take $1,000 to double if the interest rate is 8%? 3.b. How long will it take the $1,000 to grow to $16,000? Rule of 72 4.a. What is the value ten years hence of $1,000 invested today at 8% interest, $2,000 invested at the end of year five, and $3,000 invested at the end of year eight?
Double your wealth. Kant Miss Company is promising its investors that it will double their money...
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 5 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $250 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $34,000? Using the Rule of 72, what annual rate is Kant Miss promising? (Round to the nearest whole percentage.)
Double your wealth. Kant Miss Company is promising its investors that it will double their money...
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 3 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $350 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $35,000? Using the Rule of 72, what annual rate is Kant Miss promising? || % (Round to the nearest whole percentage.)
Using the Rule of 72, approximately how many years are needed to double a $100 investment...
Using the Rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 7.50 percent per year? (Round your answer to 2 decimal places.)
Using the rule of 72 how soon will money double at the following interest rates (Answer...
Using the rule of 72 how soon will money double at the following interest rates (Answer all five) A) 8%----will double in years B) 12%----Will double in years C) 4%----will double in years D) 3%----will double in years E) 10%----will double in _years Using the rule of 72 what interest will I need to earn to get my money to double in (A) 6 years _interest required (B) 12 years interest required
Double your wealth Kant Miss Company is promising its investors that it will double their money...
Double your wealth Kant Miss Company is promising its investors that it will double their money every 2 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $300 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $30,000? Using the Rule of 72, what annual rate is Kant Miss promising? 36% (Round to the nearest whole percentage) Using the time value...
Using the Rule of 72, approximately how long will it take to double your money if you invest it at 9% compounded annually? (Work out the problem on a separate sheet of paper before entering the answer.) (Round your answer to a whole number)
Using the Rule of 72, approximately how long will it take to double your $1,000 if you invest it at 7% compounded annually? (Work out the problem on a separate sheet of paper before entering the answer.) (Round your answer to a whole number)
Using the Rule of 72, determine how long it will take for Maria to double her money if she invests and earns the following returns: 1.44%,7.20%, and 6.40% years 1,44% years 7.20% years 6.40%
3. Investment Horizons. How long does the Rule of 72 predict that it will take for $500 to double in value when the effective annual interest rate is 1 percent? Exactly how many years will it take for $500 to double in value when the effective annual interest rate is 1 percent?
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 5 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $250 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $34,000? Using the Rule of 72, what annual rate is Kant Miss promising? (Round to the nearest whole percentage.)
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 3 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $350 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $35,000? Using the Rule of 72, what annual rate is Kant Miss promising? || % (Round to the nearest whole percentage.)
Using the rule of 72 how soon will money double at the following interest rates (Answer all five) A) 8%----will double in years B) 12%----Will double in years C) 4%----will double in years D) 3%----will double in years E) 10%----will double in _years Using the rule of 72 what interest will I need to earn to get my money to double in (A) 6 years _interest required (B) 12 years interest required
Double your wealth Kant Miss Company is promising its investors that it will double their money every 2 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $300 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $30,000? Using the Rule of 72, what annual rate is Kant Miss promising? 36% (Round to the nearest whole percentage) Using the time value...
Most questions answered within 3 hours.
-
M. Laing has suggested a new arrangement of the periodic table
(J.Chem.Ed.1989, 66,
746). Answer the following...
asked 15 minutes ago -
Café Michigan's manager, Gary Stark, suspects that demand for
mocha latte coffees depends on the price...
asked 14 minutes ago -
A US merchant purchases wine from a vineyard outside of Paris.
The wine is transported to...
asked 20 minutes ago -
we have (TTN)*
We have to use just one 2-bit counter with 1-bit global
history?
and...
asked 21 minutes ago -
Firms that fail to compete with lower prices and/or better
products will go bankrupt. Does this...
asked 22 minutes ago -
Question 1 Current and Resistance
Part A: A current of -14.5 nanoamperes is how many electrons...
asked 23 minutes ago -
The population standard deviation for the height of college
basketball players is 3.4 inches. If we...
asked 35 minutes ago -
6.) Use valence bond theory to describe the number and types of
hybrid bonding orbitals on...
asked 37 minutes ago -
2. Define/explain the following traits that are important
adaptations for different types of vertebrate animals:
Jaws...
asked 38 minutes ago -
Firm K produced 45,000 radios using 9,000 hours of labor in
2003; total labor costs were...
asked 38 minutes ago -
Use the information in the table to answer the
question.
Year
2015
2016
2017
2018
Nominal...
asked 43 minutes ago -
Kelso Corporation just paid a dividend of D_0 = $1.50 per
share, and that dividend is...
asked 44 minutes ago