Based on the Rule of 72, the time to double your money at 6.5% interest is...

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

Question:

Based on the Rule of 72, the time todouble your money at 6.5% interest is(rounded):O 110 6.5O 80 10

All other things being equal, the interestearned over the life of an investment onan annuity due will be lower than theint

Posted Date: Nov 11, 2021 12:56 AM

See More Questions

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)
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co, expects to maintain the same inventories at the end of 2017 as at the beginning...
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.
Pick a Nigerian brand that has been very successful competing against the bigger global brands in its product category. What are the elements of its strategy that have enabled it to achieve this...
The General Social Survey has asked subjects, How long have you lived in the city, town, or community where you live now? The responses of 1415 subjects in one survey had a mode of less than 1 year,...
What lessons learned from this case can be applied to other organizations? Norfolk Southern Railway Company operates one of the countrys four largest Class I (Exhibit 1) railroads1. The railway...
In an article, Scott Wolla of the Federal Reserve Bank of St. Louis writes that potential GDP doesnt mean that the the entire working-age population is working 18 hours per day or that factories are...
The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2017, follows. 1. Salaries and fringe...
(a) The following information is given for 3 companies that are identical except for their capital structure: Orange Grape Apple Total invested capital 1,00,000 1,00,000 1,00,000 Debt/assets ratio...
Suppose a firm has fixed costs of $200 per month, and marginal costs are represented by the equation MC =2Q, where Q is output per month (i.e. marginal cost is a positively sloped straight line). The...
The truss shown has pulleys attached at joints D and E, with a 20 kn weight attached to the end of the cable that is supported at an external support at K. Determine: a) The forces applied to joints...
The largest interval in which the initial value problem d'y 1 dy dx (x-5) dx et + has a unique solution is (A) (-8, 8) (B) +(x)y=In(x), y(1)= 0 and 2 (1) = 1, dx (-5,5) (C) (0, ) (D) (0,5)
A rod 12.0 cm long is uniformly charged and has a total charge of -21.0 C. Determine the magnitude and direction of the electric field along the axis of the rod at a point 32.0 cm from its center....
There is a potential difference of 1.8 V between the ends of a 10 cm long graphite rod that has a cross-sectional area of 1.7 mm2. The resistivity of graphite is 7.5 x 10-6 22-m. (a) Find the...
1. A small body of unknown charge, travelling 6.1 x 105 m/s, enters a 0.40 T magnetic field directed perpendicular to its motion. If the particle experiences a force of 9.0 x 104 N, what is the...
The domain of the function f(x) = x + is Oa r=0) O b. x 0 Oc. The real number except {0} d. None Oe. The real number Of z>0
Payment systems seem to have reached a period of inflection. We are rapidly approaching a time where there is a high probability we will see significant changes in how the average American conducts...
Starr Co. had sales revenue of $540,000 in 2014. Other items recorded during the year were: Cost of goods sold ..................................................... $330,000 Salaries and wages...
Write a C code for a state machine that implements a four-cycle handshake.
Compare the source code and assembly code for a moderate-size program. (Most C compilers will provide an assembly language listing with the -S flag.) Can you trace the high-level language statements...
Write C code for an FIR filter. Measure the execution time of the filter, either using a simulator or by measuring the time on a running microprocessor. Vary the number of taps in the FIR filter and...

Based on the Rule of 72, the time to double your money at 6.5% interest is...

Question:

Expert Answer:

Based on rule 72 the time taken to double the money at 65 int... View the full answer

Students also viewed these civil engineering questions