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I just need help with the last part to this question - Asking about the amount of years.

Double your wealth. Kant Miss Company is promising ts investors that it will double their money every 4 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $400 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $26,000? Using the time value of money equation, what annual rate is Kant Miss promising? 18.92 % (Round to two decimal places.) Is this investment a good deal? (Select the best response.) 0 A. O B. ° C. No. It is hard to tell whether this investment is a good deal or not. Yes. This investment is a good deal if you are earning higher than 18.92% rate of return annually on your current investment. No. This investment is not a good deal if you are earning a rate of return lower than 18.92% annually on your current investment. D. Yes. This investment is a good deal if you are earning lower than 18.92% rate of return annually on your current investment. If you invested $400 now and Kant Miss was able to deliver on its promise, how long would it take before your investment reaches $26,000? years (Round to two decimal places.)

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

AS NOTHING IS MENTIONED, EXCEL IS USED. THANK YOU

Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy ▼ Σ AutoSum ー E ゴWrap Text в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 Conditional Format eCell Insert Delete Format Paste Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard Alignment Number Cells Edting BU BV BW BX BY BZ CA CB CD 109 110 100 200 4 SUPPOSE PV FV YEARS RATE 112 113 114 115 116 18.92% [ EXCEL-RATE(BY112,-BY110,BY111)] NOW PV FV RATE 400 26000 18.92% 118 119 120 121 122 123 124 125 126 127 11 1 トーCALCULATOR ( LOAN OPTIONS | pv, fv, annuity i CAP STRU VALUE ANSWER 2 24.09 [EXCEL NPER(BY117,,-BY115,BY116)] BOX DILUTION. DOLLAR COST AVG MORTGAGE / EXPO . Sheet1 . Sheet2. Sh 福 130% rences: x261

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