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Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces.
Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces. a. Invest $360.00 and receive $847.99 in 10 years. b. Invest $3,600.00 and receive $10,835.13 in 14 years. c. Invest $30,790.87 and receive $150,000.00 in 26 years. d. Invest $32,644.32 and receive $1,500,000.00 in 50 years. a. What annual rate of return will Keiko earn if she invests $360.00 today and receives $847.99 in 10 years? % (Round to two decimal places.) Waiting period. Jamal is waiting to be a millionaire. He wants to know how long he must wait if a. he invests $24,649.67 at 20% today? b. he invests $52,375.53 at 17% today? c. he invests $141,951.72 at 11% today? d. he invests $317,751.41 at 5% today? a. How long will Jamal have to wait to become a millionaire if he invests $24,649.67 at 20% today? years (Round to the nearest whole number.) 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 $500 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $35,000? Using the Rule of 72, what annual rate is Kant Miss promising? % (Round to the nearest whole percentage.)
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