(PLEASE SHOW ALL WORK AND VALUES)

(PLEASE SHOW ALL WORK AND VALUES)

13) 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. 14) Kant Miss Company is promising its investors that it will double their money every three years. Is this promise too good to be true? What annual rate is Kant Miss promising? If you invest S250 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $32,000? Use the Rule of 72