How many years would it take for a dollar to triple in value if it earns a
Question:
How many years would it take for a dollar to triple in value if it earns a 6 percent rate of return?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Calculator Solution A 6 Inp...View the full answer
Answered By
Sandip Nandnawar
I am a B.E (Information technology) from GECA and also have an M.C.M from The University of RTMNU, MH.
I worked as a software developer (Programmer and TL). Also working as an expert for the last 6 years and deal with complex assessment and projects. I have a team and lead a team of experts and conducted primary and secondary research. I am a senior software engg and senior expert and deal with all types of CSE and IT and other IT-related assessments and projects and homework.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
About how many years would it take for your investment to grow fourfold if it were invested at 16 percent compounded semiannually?
-
Are we running out of ideas? Economist Paul Romer thinks not. To make things concrete, he notes that if we keep trying out different molecules to search for interesting compounds like new drugs, new...
-
How many years would it take for $2,000 in savings a year earning interest at 6 percent to amount to $60,000?
-
What immediate clinical concerns does this client present to the counselor or therapist? Are there sufficient symptoms presented in the case to make a diagnosis of either stimulant and/or alcohol use...
-
On January 1, 2012, Beacham Inc. had the following shareholders equity balances. Common Stock , no-par value (1,000,000 shares issued)...... $3,000,000 Common Stock Dividends...
-
Determine the magnitude of the resultant force F R and its direction, measured clockwise from the positive u axis. 70 45 F = 500 N V 30 U F = 300 N
-
Which classification of a lease is more important for cash flows and valuation: that of the FASB or the IRS?
-
Daniel Merrill is the manager of an airport gift shop, Merrill News and Gifts. From the following data, Mr. Merrill wants a cash budget showing expected cash receipts and disbursements for the month...
-
Stewiacke Ltd. is currently considering a project with a four-year life that it believes may return the company to profitability. Stewiacke recently did a market survey at a cost of $100,000. The...
-
An incomplete cost of goods manufactured schedule is presented below. Instructions Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured...
-
Jason was promised $48,000 in 10 years if he would deposit $14,000 today. What would his compounded annual return be?
-
Marcy placed $3,000 each year into an investment returning 9 percent a year for her daughter's college education. She started when her daughter was two. How much had she accumulated by her daughter's...
-
In teams, diagram the Assembly process using BPMN symbols such as roles, swimlanes, activities, and decisions. Name resources assigned to roles.
-
How does the "Trade-Off Theory" influences the decision-making process for companies? Aside from the Trade-Off Theory, what other factors tend to limit the amount of debt a company issues? Generally...
-
1. Define the unique characteristics of perfect competition. Does perfect competition exist in the real world? 2. How do monopolies maximize profits? 3. What are the unique characteristics of...
-
What are the laws and regulations of forensic radiology in Puerto Rico ?
-
How can change be implemented in criminal justice organizations? What are the best ways to prepare for changes in the organization? What are good recommendations to make for improving the efficiency...
-
Critique of Short Stories This week please choose one student short story and write a three-paragraph critique of the story using the guidelines from "How to Give Feedback." Please respond to the...
-
In a current newspaper or magazine, find two examples of graphs that might be misleading. Explain why you think the graphs are potentially misleading.
-
Carlton Stokes owns and operates a car-detailing business named SuperShine & Detailing. For $150, Carltons business will hand wash and wax customers cars, vacuum the interior, and thoroughly clean...
-
1. From this information, prepare bank reconciliation for the Lamars as of October 5, 2015, using a form like the one in Worksheet 4.1. 2. Given your answer to Question 1, what, if any, adjustments...
-
Briefly discuss how each of these purchase considerations would affect your choice of a car: a. Affordability b. Operating costs c. Gas, diesel, hybrid, or electric? d. New, used, or nearly new? e....
-
Briefly discuss how each of these purchase considerations would affect your choice of a car: a. Affordability b. Operating costs c. Gas, diesel, hybrid, or electric? d. New, used, or nearly new? e....
-
Consider a $1000 face value 3-year treasury with 2.5% annual coupon and a yield of 1.3%. Suppose that after one year and after receiving one coupon payment, you decide to sell your treasury note....
-
How in a perfect world would muni bonds pay interest? Explain the correlation between the greater premium and high tax states. Will you invest in Muni bonds based on the new findings? Please discuss.
-
CityLight Co. is struggling financially. Prior to debt renegotiations, the company's total assets were $11 million and total liabilities were $18 million. The company has negotiated with the debtors...
Study smarter with the SolutionInn App