FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

My money Doubles in 20years.What is my rate of return in percentage? The answer should be in the format of x.yz For example if the

My money Doubles in 20years.What is my rate of return in percentage?

The answer should be in the format of x.yz

For example if the correct answer is 8.65%( it is not), then you should enter 8.65

If you do not, it will count as wrong

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Finance

Principles of Finance

Authors: Scott Besley, Eugene F. Brigham

5th edition

ISBN: 1111527369, 978-1111527365

More Books

Students also viewed these Finance questions

Question

J Lo's Clothiers has forecast credit sales for the fourth quarter of the year September (actual) Fourth Quarter $ $4,000 October Novenber Decenber $ 44,000 39,000 64,000 Experience has shown that 30...

Answered: 1 week ago

Question

★★★★★
Smith Industries has a 8.0% bond maturing in 12 years. What is the yield to maturity if the current market price of the bond is: Other Requirements: (Yield to maturity) Smith Industries has a 8.0%...

Answered: 1 week ago

Question

★★★★★
6-14. What is the primary reason people buy and own major appliances such as a washing machine? Is there a secondary reason as well?

Answered: 1 week ago

Question

★★★★★
=+a) The Mohs scale rates the hardness of minerals. If one mineral can scratch another, it is judged to be harder. (Diamond, the hardest mineral, is a 10.) Is hardness related to the weight of a 1 *...

Answered: 1 week ago

Question

★★★★★
Alex, Inc., buys 40 percent of Steinbart Company on January 1, 2010, for $530,000. The equity method of accounting is to be used. Steinbarts net assets on that date were $1.2 million. Any excess of...

Answered: 1 week ago

Question

★★★★★
What is the EAR of 13.8% per annum, compounded weekly? What is the NPV for an investment with an initial outlay now of $476, and expected cash inflows of $187, $216 and $337 at the end of years one...

Answered: 1 week ago

Question

★★★★★
The Outback Mining Company Ltd has incurred various costs to explore an area of interest and wants to capitalise its Exploration and Evaluation (E&E) expenditures on an area of interest basis. The...

Answered: 1 week ago

Question

★★★★★
4. You've recommended to your team lead that you should move forward with the re-launch. You have a key customer that was impacted by the miss-launch a few months ago and you're meeting with them to...

Answered: 1 week ago

Question

★★★★★
In a neighborhood, 35% of homes have a security system. As a security system salesperson, you want to know how many houses need to be visited before you find 10 houses without a system. 83 62 21 98...

Answered: 1 week ago

Question

★★★★★
Consider the system of equations: 2 x ^ 2 - 3 and + With = 1 2 3 x ^ 3 + 2 and = 2 5 4 x ^ 2 - 2 and ^ 2 + With = 1 8 Write a MATLAB script to find numerical solutions to this system of equations...

Answered: 1 week ago

Question

★★★★★
The following table shows the daily receipts in millions of dollars of the movie "Avatar" for successive Fridays after its opening on Friday 18 December 2009. Weeks $Receipts 0 77.025 2 68.49 4...

Answered: 1 week ago

Question

★★★★★
6. A charge Q is at the centre of a tetrahedron. What is the electric flux through one face of the tetrahedron?

Answered: 1 week ago

Question

★★★★★
The application filled out to help a school determine the financial need of a student is the O Schedule C O Financial Aid Application O 1040 O FAFSA

Answered: 1 week ago

Question

★★★★★
For the following exercises, write the first four terms of the sequence. a n = 2 n 2

Answered: 1 week ago

Question

★★★★★
The placebo effect. A survey of physicians found that some doctors give a placebo to a patient who complains of pain for which the physician can find no cause. If the patients pain improves, these...

Answered: 1 week ago

Question

★★★★★
Prepare a statement of Income and Expenses for APB Hotel in accordance with the USHA, based on the following ledger balances for the year ended September 30, 2005: Heat, Light and Power Payroll and...

Answered: 1 week ago

Question

★★★★★
Low-carb versus low-fat. Researchers conducted an experiment to compare the effects of a carbohydrate-restricted diet (low-carb diet) and a calorie- and fat-restricted diet (low-fat diet) on weight...

Answered: 1 week ago

Previous QuestionNext Question