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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 $500 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $26,000 ? Using the Rule of 72 , what annual rate is Kant Miss promising? \% (Round to the nearest whole percentage.) The rule of 72 says that 72 divided by the interest rate (in whole numbers) gives you the approximate number of years it will take to double your money if invested at that rate. 72 divided by a number of years will give you the interest rate needed to double your money in that time span. 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 $500 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $26,000 ? Using the Rule of 72 , what annual rate is Kant Miss promising? \% (Round to the nearest whole percentage.) The rule of 72 says that 72 divided by the interest rate (in whole numbers) gives you the approximate number of years it will take to double your money if invested at that rate. 72 divided by a number of years will give you the interest rate needed to double your money in that time span
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