At 4.3 percent interest, how long does it take to double your money? To quadruple it?
Question:
At 4.3 percent interest, how long does it take to double your money? To quadruple it?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
A Time taken to Double your Money 1646 years B Time taken to quadruple your Money 3293 y...View the full answer
Answered By
Antony Mutonga
I am a professional educator and writer with exceptional skills in assisting bloggers and other specializations that necessitate a fantastic writer. One of the most significant parts of being the best is that I have provided excellent service to a large number of clients. With my exceptional abilities, I have amassed a large number of references, allowing me to continue working as a respected and admired writer. As a skilled content writer, I am also a reputable IT writer with the necessary talents to turn papers into exceptional results.
4.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
How long does it take to download a two-hour movie from the iTunes store? According to Apple's technical support site, support.apple.com/kb/ht1577, downloading such a movie using a 5 M bit/s...
-
Approximately how long will it take to double your money if you get 5.5%, 7.5%, or 9.5% annual return on your investment? Verify the approximate doubling period with the time value of money equation.
-
At 4.7 percent interest, how long does it take to double your money? To quadruple it?
-
Consider the following system differential equation: d+y(t) dy(t) dt3 dt4 +5 7 dy(t) dt +36 dy(t) dt - 100y(t) b) Find the transfer function for the system, G(s) = = du(t) dt + 5u(t) a) Find the...
-
Iron may be protected by coating with tin (tin cans) or with zinc (galvanized iron). Galvanized iron does not corrode as long as zinc is present. By contrast, when a tin can is scratched, the exposed...
-
The following information was extracted from the December 31, 2011, current asset section of the balance sheets of four different companies: There were no transaction in short-term equity securities...
-
Review the retirement-planning situation described in Chapter 11 (Example 11.11). Modify the spreadsheet to include the assumptions that the annual salary increase is triangular with a minimum of 1%,...
-
Suppose you hold a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio beta is equal to 1.12. Now, suppose you have decided to sell one of the...
-
The change in retained earnings from the beginning of the year to the end of the year is the result of net earnings minus dividends for the year. These changes are part of the information presented...
-
The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office...
-
Assume the total cost of a college education will be $325,000 when your child enters college in 18 years. You presently have $85,000 to invest. What annual rate of interest must you earn on your...
-
According to the Census Bureau, in October 2019, the average house price in the United States was $368,600. In October 2000, the average price was $197,700. What was the annual increase in the price...
-
Insure Corporation reported a net operating loss of $25 million for financial reporting and tax purposes. Taxable income last year and the previous year, respectively, was $20 million and $15...
-
A storeroom is used to organize items stored in it on N shelves. Shelves are numbered from 0 to N-1. The K-th shelf is dedicated to items of only one type, denoted by a positive integer A[K]....
-
CASES CASE 10.1 Money in Motion Jake Nguyen runs a nervous hand through his once finely combed hair. He loosens his once perfectly knotted silk tie. And he rubs his sweaty hands across his once...
-
(3.8) Axiom, Definition of false false = true (3.9) Axiom, Distributivity of over : (pq) p=q
-
The board of directors of Unilever has been impressed by the presentation you did, and they further instructed you to conduct a more insightful investigation about the Sri Lankan market. They have...
-
The sample space listing the eight simple events that are possible when a couple has three children is {bbb, bbg, bgb, ogg, gbb, gbg, ggb, ggg}. After identifying the sample space for a couple having...
-
Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019. To prepare a master budget for January,...
-
In order to get an idea on current buying trends, a real estate agent collects data on 10 recent house sales in the area. Specifically, she notes the number of bedrooms in each house as follows: a....
-
Break-Even As a shareholder of a firm that is contemplating a new project, would you he more concerned with the accounting break-even point, the cash break-even point, or the financial break-even...
-
Capital Rationing how are soft rationing and hard rationing different? What are the implications if a firm is experiencing soft rationing? Hard rationing?
-
Capital Rationing Going all the way back to Chapter, recall that we saw that partnerships and proprietorships can face difficulties when it comes to raising capital. In the context of this chapter,...
-
Harper, Inc, acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's net assets on that date was $610.000, although...
-
Need a help for this! The following information is obtained from the records of Kaiser Company: On January 1, 2017 the following machines were acquired for cash: Production machines costs $ 6,000...
-
Book 51,500 Hint rint rences Raw Materials Inventory Debit Credit Beginning 10,100 Purchases 45,500 Available for use 55,600 DM used Ending 4,100 Work in Process Inventory Debit Credit Beginning...
Study smarter with the SolutionInn App