At 11.7 percent interest, it would take ______ years to double your money. (Round your answer to

Fantastic news! We've Found the answer you've been seeking!

Question:

At 11.7 percent interest, it would take ______ years to double your money. (Round your answer to 2 decimal places. (e.g., 32.16)

Related Book For answer-question

Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

See More Books

Posted Date: Sep 09, 2020 10:33 PM

See More Questions

Complete the following ANOVA table. *Round your answer to 2 decimal places, the tolerance is +/-0.01. **Round your answer to 3 decimal places, the tolerance is +/-0.001. *** Round your answer to 2...
Approximately how long will it take to double your money if you get 5.5%, 7.5%, or 9.5% annual return on your investment? Verify the approximate doubling period with the time value of money equation.
How long will it take to double your money at an interest rate that is < < 100% starting with the expression F = P(1 + r)N? ln(1 + r) r if r < < 1 and log (x) N = N log (x)
Coffin Corporation appropriately uses the installment-sales method of accounting to recognize income in its financial statements. The following information is available for 2014 and 2015....
Refer to these data for Parliaments of up to 3 years' duration. If there were an additional Parliament to include, which lasted 1 year and was in session for 364 days, would the new point be an...
Suppose you buy a Merck put for $2.50 which matures in September with a strike price of $50. Merck is currently trading at $51.75. If the stock price of Merck falls to $46, What is the rate of return...
How many times a minute will a technician feel this beat rise and subside?
You are auditing inventory of HUSKY Corp. as of December 31, 2007.The inventory general ledger balance is $8,124,998.66. HUSKY manufactures lawn and garden tractors, snowmobiles, and supplies....
Using a recent (September 2023- present) Microeconomics related article in the media (the Economist, Globe and Mail, New York Times, etc.), attempt to explain parts or all of it using concepts in...
The cash receipts journal of Silver Plastics follows. Silver s general ledger includes the following selected accounts, along with their account numbers: Indicate whether each posting reference (a)...
1) If you use a re-order point of 120 units, what is your probability for a stockout? 2) If you use a re-order point of 140 units, what is your probability for a stockout?
What are the possible motives for acquisitions?
Why would firms use acquisitions rather than create a new business internally?
How is the entrepreneurial process related to strategy?
Microsoft and Disney are just two of a growing number of organizations using internal carbon taxes in an attempt to reduce carbon emissions, and the carbon prices being used to set the internal taxes...
What are some of the internal causes of organizational failure?
The book, The Beast by Oscar MartinezLinks to an external site. shows the journey of youth traveling across Mexico. These youth faced many challenges and hardships. Analyze how Oscar Martinez uses...
Which of the following is NOT a magnetic dipole when viewed from far away? a) A permanent bar magnet. b) Several circular loops of wire closely stacked together with the same current running in each...
Grady Enterprises is looking at two project opportunities for a parcel of land that the company currently owns. The first project is a restaurant, and the second project is a sports facility. The...
Singing Fish Fine Foods has a current annual cash dividend policy of $2.25. The price of the stock is set to yield a 12% return. What is the price of this stock if the dividend will be paid a. For 10...
Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible six years ago for $8,500. Today at auction, the car sold...
Two Carnot engines work in series between the source and sink temperatures of $500 \mathrm{~K}$ and $300 \mathrm{~K}$. If both engines develop equal power determine the intermediate temperature.
A reversible heat engine operates between two reservoirs at temperatures, $700^{\circ} \mathrm{C}$ and $50^{\circ} \mathrm{C}$. The engine drives a reversible refrigerator which operates between...
A reversible heat engine working between two thermal reservoirs at $875 \mathrm{~K}$ and $315 \mathrm{~K}$ drives a reversible refrigerator which operates between the same $315 \mathrm{~K}$...

At 11.7 percent interest, it would take ______ years to double your money. (Round your answer to

Question:

Expert Answer:

To determine the number of years it would take to double your money at an interest rate of 1... View the full answer

Financial Management Core Concepts

Students also viewed these finance questions