At 6.5 percent interest, how long does it take to double your money? To quadruple it?
Answer to relevant QuestionsIn January 2010, the average house price in the United States was $283,400. In January 2000, the average price was $200,300. What was the annual increase in selling price?Suppose you are still committed to owning a $190,000 Ferrari (see Problem 9). If you believe your mutual fund can achieve a 12 percent annual rate of return and you want to buy the car in 9 years on the day you turn 30, how ...Toadies, Inc., has identified an investment project with the following cash flows. If the discount rate is 8 percent, what is the future value of these cash flows in Year 4? What is the future value at a discount rate of 11 ...Find the EAR in each of the followingcases:You are planning to make monthly deposits of $400 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be ...
Post your question