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QUESTION 5 Mike invested $3000 in IBM paying 6% interest rate a year. Using the rule 72, how long will it take to double Mike's

QUESTION 5 Mike invested $3000 in IBM paying 6% interest rate a year. Using the rule 72, how long will it take to double Mike's investment? QUESTION 6 Suppose you invested $4000. The expected payoffs are provided in the following table: Case Scenario Payoff 1 $4500 2 $3800 3 $4700 What is the value at risk? Hint: compute the return for each case scenario (return - Payoff - Initial Investment)

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