If an investment doubles in nine years, how long will it take to quadruple (at the same
Question:
If an investment doubles in nine years, how long will it take to quadruple (at the same rate of return)? (This problem does not require any detailed calculations.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Since doubling the investment takes nine years at a constant ra...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is a. 9%? b. 12% compounded monthly?...
-
For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
-
John Gump graduated from Cal State Fullerton five years ago. He is a CPA. One year ago, he was recruited from a CPA firm to become an accounting manager at Edwards Manufacturing, a small publicly...
-
Assume there are 3 types of squirrels in the world (red, black, grey). Assume 40% of squirrels are black, 40% of squirrels are grey and 20% are red. Assume 3% of red squirrels are in Ontario, 2% of...
-
Victoria Chocolates, Ltd., makes premium handcrafted chocolate confections in London. The owner of the company is setting up a standard cost system and has collected the following data for one of the...
-
On November 14, 2011, Noel sells 2,000 shares of Marker, Inc., stock for $6,000. He had purchased the stock two years earlier for $10,000. Because the price of the stock continued to drop, Noel...
-
For each of the following sets of numbers, calculate a \(95 \%\) confidence interval for the mean ( \(\sigma\) not known); before going through the steps in calculating the confidence interval, the...
-
Minelli Enterprises uses large amounts of copper in the manufacture of ceiling fans. The firm has been very concerned about the detrimental impact of rising copper prices on its earnings and has...
-
You have a credit card with an APR of 21%. The terms of your agreement say that your minimum payment is 3% of your balance or $25, Whichever is greater." You buy a computer for $375. If you make only...
-
For a given nominal interest rate (say 10%) on a loan, would the borrower prefer it to be compounded annually or compounded monthly? Which compounding frequency would the lender prefer? Give a brief...
-
Follow the instructions in the NET @ssets box earlier in this section to access the interactive chart named Future Value of $100 on the textbooks Web site. Use the chart to help you answer these...
-
Ben Matthews and David Everhart work for a landscaping company in Twin Cities, Oklahoma. Their principal job is to lay railroad ties to line the sidewalks around apartment complexes and to install...
-
Fill in the blanks with the lines of code that allow the program to compile. (Choose two.) A. Presents on line t1 B. @Presents on line t1 C. Gift value() on line t2 D. Presents.class on line t1 E....
-
Based on Ohalins estimates, the amount of joint venture shareholders equity at 31 December 2010 included on the consolidated financial statements of each venturer will most likely be: A. higher for...
-
Draw a graph to illustrate the soybean market when the soybean price was low. Show the quantity of soybeans produced, the subsidy farmers received, and the deadweight loss created. High corn and...
-
For what are behavior diagrams used? Give some examples of behavior diagrams.
-
The random variable Y is normally distributed with Y = 28.00 and Y = 10. Find the following values of b: (a) P(Y b) = .8106 (c) P(Y> b) = .0099 (d) P(Y
-
What is the relationship between a TCP and UDP packet? Will any specific transaction usually involve both types of packets?
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Product Sales Do you think the company would have suffered the same fate if its product had been less popular? Why or why not?
-
Cash Flow The Grandmother Calendar Company clearly had a cash flow problem. In the context of the cash flow analysis we developed in Chapter 2, what was the impact of customers not paying until...
-
Product pricing the firm actually priced its product to be about 20 percent less than that of competitors, even though the Grandmother calendar was more detailed. In retrospect, was this a wise...
-
Explain the differences and similarities between processes and threads. How are they similar? What differentiates them?
-
Could you please answer of these questions? Thank you so much! 1. How can a system run multiple processes at the same time? (i.e. concurrently) 2. Why is it desirable for a system to include a...
-
A step-index optical fiber has a core diameter of 60 m, it's numerical aperture is 0.275 and the operating wavelength is 1300 nm. Calculate the number of modes.
Study smarter with the SolutionInn App