Question: 5. Doubling the fund At 8% compounded annually, how long will it take RM750 to double? Based on TVM formulation. ANS : Based on Rule

5. Doubling the fund At 8% compounded annually, how long will

5. Doubling the fund At 8% compounded annually, how long will it take RM750 to double? Based on TVM formulation. ANS : Based on Rule 72, Formula =72 /interest rate ANS

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Doubling thur fund\ At 8% annually how long will it take RMT50 to double\ Based on TVM formulation\ Based on Rule 72.\ Formula-72/interestrate\ 20\ At wat rate must RM00 be compounded annually for it...

Q:

Doubling thur fund\ At 8% annually how long will it take RMT50 to double\ Based on TVM formulation\ Based on Rule 72.\ Formula-72/interestrate\ 20\ At wat rate must RM00 be compounded annually for it...

Q:

Doubling thur fund\ At 8% annually how long will it take RMT50 to double\ Based on TVM formulation\ Based on Rule 72.\ Formula-72/interestrate\ 20\ At wat rate must RM00 be compounded annually for it...

Q:

Hi, I have reduced the questions and I will upload them separately because I don't see where to add more $ to the other ones. Find the simple interest on the loan. $1600 at TH. for 10 years. Find the...

Q:

Hi, I hope that this is better than the last one.Please let me know if this is enough for the questions. Thank you again Find the simple interest on the loan. $1600 at TH. for 10 years. Find the...

Q:

Hi, I need your help with these practice problems. Can you help ? Please see attachments. I know its a lot but I need it by Thursday. Hi, I need your help with these practice problems. Can you help ?...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Q:

In exchange for land, the company received a 12-month note on January 1. The face amount of the note is $1,000, and the stated rate of interest is 13%, compounded annually. The 13% rate is equal to...

Q:

Although not due until the end of the class, it is important that you begin planning for this project early in the course. What are your initial thoughts about how you will approach this? Explain....

Q:

Question 3 3 The Balance Sheet of the equal MVR Partnership on August 3 1 , 2 0 2 4 is as follows: Cash Value ) ; Unrealized Receivables - $ - 0 - ( Adjusted Basis ) ; $ 6 0 , 0 0 0 ( Fair Market...

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...