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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
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 promiso, how long will it take your investment to reach $28,000? Using the Rule of 72, what annual rate is Kant Miss promising? 0% (Round to the nearest whole percentage.) Using the time value of money equation, what annual rate is Kant Miss promising? 0% (Round to two decimal places.) Is this investment a good deal? (Select the best response.) OA. Yes. This investment is a good deal if you are earning higher than 14.87% rate of return annually on your current investment B. Yes. This investment is a good deal if you are earning lower than 14,87% rate of return annually on your current investment C. No. This investment is not a good deal if you aro oarning a rate of return lower than 14.87% annually on your current investment. D. No. It is hard to tell whether this investment is a good deal or not. If you invested $250 now and Kant Miss was able to deliver on its promise, how long would it take before your investment reaches $28,000
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