Question: At a growth interest rate of 10 percent annually how
At a growth (interest) rate of 10 percent annually, how long will it take for a sum to double? To triple? Select the year that is closest to the correct answer.
Answer to relevant QuestionsIf you owe $35,000 payable at the end of eight years, what amount should your creditor accept in payment immediately if she could earn 13 percent on her money?As stated in the chapter, annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments come at the beginning of each period ...C. D. Rom has just given an insurance company $35,000. In return, he will receive an annuity of $3,700 for 20 years.At what rate of return must the insurance company invest this $35,000 in order to make the annual payments? ...Cal Lury owes $10,000 now. A lender will carry the debt for five more years at 10 percent interest. That is, in this particular case, the amount owed will go up by 10 percent per year for five years. The lender then will ...If a corporation has projects that will earn more than the cost of capital, should it ration capital?
Post your question