Question: Approximately, how many years does it take to double a $2000 investment when interest rates are 6% per year?

Approximately, how many years does it take to double a $2000 investment when interest rates are 6% per year?

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:

Can I get you to complete out a midterm I have? I've answered some of the questions and you did a similar one a couple of months ago. BFIN3321 MIDTERM EXAM SUMMER 2014 MULTIPLE CHOICE (2 points each)...

Q:

PROBLEMS ? Show your work! For time value of money problems, show your inputs,and tell me what you use for the calculations! No work and its wrong = 0 points!1. (7 points) In the Wall Bricks, Inc.?s...

Q:

1.(7 points) In the Wall Bricks, Inc.s balance sheet lists net fixed asset as $18 million. The fixedassets could currently be sold for $14 million. Wall Bricks current balance sheet shows current...

Q:

What is the future value in 3 years of $1,000 deposited today, earning a 4% interest rate annually? FV: ______________ Approximately, how many years does it take to double a $2000 investment when...

Q:

I"m struggling with juggling on my classes and family life. I am needing help with my principles of finance midterm. please see attachment. I'm needing a 95 score or better. please help. if you have...

Q:

Question 1 options: You must determine which of the following scenarios is the better option. At age 25, you invest $1,500 that earns 8 percent each year. How much money will you have at age 65?...

Q:

1. How much would be in your savings account in eleven years after depositing $150 today if the bank pays 8 percent per year? Do not round up the answer. Leave answer in dollars and cents. Question 1...

Q:

QUESTION 1 How many years will it take $100 to grow to $1,000 with an annual interest rate of 8 percent? 29.92 years 10.00 years 9.00 years 33.35 years QUESTION 2 Last year Mocha Java, Inc. had an...

Q:

I have some TMV question I need some help with. I also need to know what inputs to use if I was to use a finance calculator to solve. 1) What is the future value in 5 years of $1,000 deposited today,...

Q:

1. Show the time line for a $300 cash inflow today, a $705 cash outflow in year 4, and a 9 percent interest rate. 2. How much would be in your savings account in ten years after depositing $1500...

Q:

Brian tanner contributed 18000 in cash plus office equipment with a fair value of 30000 to the BT partnership. In addition, the partnership assumed a 10000 note payable. The journal entry to record...

Q:

Senator Deal proposes to offer a choice to future retirees: if you retire before age 70, the benefits are calculated on the last 35 years of income; if you retire at age 73, however, you receive...

Q:

How should you reply to a formal business invitation?

Q:

Develop a production plan and calculate the annual cost for a firm whose demand forecast is: fall, 1 0 , 8 0 0 ; winter, 7 , 5 0 0 ; spring, 6 , 5 0 0 ; summer, 1 2 , 8 0 0 . Inventory at the...

Q:

Which one of the trends or challenges do you believe is the most relevant to the field of human relations?

Q:

Which persons contribution to the history of human relations do you find to be the most impressive?

Q:

General Motors was founded in 1908, prior to the birth of the human relations movement. Explain what would have been the focus of the CEO and management in those days given the prevailing theories of...