Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

How long does it take to triple your money, if you invest it in an account with 14.2% return per year? Assume annual compounding. Type

How long does it take to triple your money, if you invest it in an account with 14.2% return per year? Assume annual compounding. Type in your answer in years, with two digits to the right of the decimal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Investing All In One For Dummies

Authors: Eric Tyson

2nd Edition

1119873037, 978-1119873037

More Books

Students also viewed these Finance questions

Question

Information about the content, challenges, and potential benefits of the new job and location

Answered: 1 week ago

Question

★★★★★

Salem Corporation uses the calendar year as its financial and tax annual accounting period. Management, because of the seasonality of sales, wants to change to a fiscal year beginning April 1st...

Answered: 1 week ago

Question

★★★★★

Intro Market observes the exchange rates as of today: $1 $0 = 0.95, $2 = 0.87 0 Part 1 |Attempt 1/2 for 10 pts. What is the implied interest rate between time t = 0 and t = 2 ? 4+ decimals Submit -...

Answered: 1 week ago

Question

★★★★★

10-14 Costs that the manager has the power to determine or at least significantly affect are called: Joint costs. Uncontrollable costs. Direct costs. Indirect costs. Controllable costs. A report that...

Answered: 1 week ago

Question

★★★★★

Explain the gender and disability issues while using computers in the classroom?

Answered: 1 week ago

Question

★★★★★

onsider firing an arrow from a bow. When you pull back the bow and then release it, the arrow flies through the air at a speed of 2,398 ft/s. How fast does your arrow move in units of miles /hr?

Answered: 1 week ago

Question

★★★★★

A car is traveling at 120 km/h (75 mph). When applied the braking system can stop the car with a deceleration rate of 9.0 m/s. The typical reaction time for an alert driver is 0.8 s versus 3 s for a...

Answered: 1 week ago

Question

★★★★★

29. A 56 kg diver runs and dives from the edge of a cliff into the water which is located 4.0 m below. If she is moving at 8.0 m/s the instant she leaves the cliff, determine the speed at which she...

Answered: 1 week ago

Question

★★★★★

In a typical product mix model, a company must decide how much of each product to produce to maximise profit, while fulfilling a set of customer constraints. a. Assuming your company produces two...

Answered: 1 week ago

Question

★★★★★

1. According to the Keynesian cross model, if the marginal propensity to consume is 2/3, an increase in government purchases of $120 billion increases equilibrium income by billion. a. $160 b. $180...

Answered: 1 week ago

Question

★★★★★

3. If a computer glitch at credit card companies makes stores start accepting only cash payments, the demand for money will . If the money supply is held constant, the aggregate demand curve will...

Answered: 1 week ago

Question

★★★★★

5. Stagflation lower output and higher prices is caused by a. an expansion in aggregate demand. b. a contraction in aggregate demand. c. a favorable shock to aggregate supply. d. an adverse shock...

Answered: 1 week ago

Previous Question Next Question