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P3-29 (similar to) Question Help Double your wealth Kant Miss Company is promising its investors that it will double their money every 6 years. What

P3-29 (similar to) Question Help 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 $28,000? 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? % (Round to two decimal places.)

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