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Double your wealth. Kant Miss Company is promising its investors that it will double their money every 6 years. What annual rate is Kant Miss
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 6 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 $25,000? Using the Rule of 72, what annual rate is Kant Miss promising? 12 % (Round to the nearest whole percentage.) Using the time value of money equation, what annual rate is Kant Miss promising? 12.24 % (Round to two decimal places.) Is this investment a good deal? (Select the best response.) A. Yes. This investment is a good deal if you are earning lower than 12.25% rate of return annually on your current investment. B. No. It is hard to tell whether this investment is a good deal or not. C. Yes. This investment is a good deal if you are earning higher than 12.25% rate of return annually on your current investment. D. No. This investment is not a good deal if you are earning a rate of return lower than 12.25% 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 $25,000? 20.45 years (Round to two decimal places.)
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