%x P3-29 (similar to) Question Help Double your wealth. Kant Miss Company is promising its investors that it will double their money every 4 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $300 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $25,000? Using the Rule of 72, what annual rate is Kant Miss promising? 2% (Round to the nearest whole percentage.) Using the Rule of 72, what annual rate is Kant Miss promising? % (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.) still true? Is this investment a good deal? (Select the best response.) O A. No. This investment is not a good deal if you are earning a rate of return lower than 1% annually on your current investment O B. No. It is hard to tell whether this investment is a good deal or not. C. Yes. This investment is a good deal if you are earning lower than 2% rate of return annually on your current investment. OD. Yes. This investment is a good deal if you are earning higher than 4% rate of return annually on your current investment. If you invested 5 now and Kant Miss was able to deliver on its promise, how long would it take before your investment reaches 53DA? years (Round to two decimal places.)