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I will rate Approximately how long will it take to double your money if you get a 5.5%, 7.5%, or 9.5% annual return on your
I will rate
- Approximately how long will it take to double your money if you get a 5.5%, 7.5%, or 9.5% annual return on your investment? Verify the approximate doubling period with the time value of money equation.
- Fill in the missing annuity in the following table for an ordinary annuity stream.
Number of Payments or Years | Annual Interest Rate | Future Value | Annuity Payment | Present Value |
5 | 9% | 0 |
| $25,000.00 |
20 | 8% | $25,000.00 |
| 0 |
30 | 7% | 0 |
| $200,000.00 |
10 | 4% | $96,048.86 |
| 0 |
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