Question: FIN 250 001 FA '19 Save Homework: Chapter 3 Homework Score: 0 of 1 pt 18 of 18 (16 complete) HW Score: 80.56%, 14.5.. P3-29
FIN 250 001 FA '19 Save Homework: Chapter 3 Homework Score: 0 of 1 pt 18 of 18 (16 complete) HW Score: 80.56%, 14.5.. P3-29 (similar to) Question Help Double your wealth. Kant Miss Company is promising its investors that it will double their money every 4 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $400 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $32,000? Using the Rule of 72, what annual rate is Kant Miss promising? % (Round to the nearest whole percentage.) Enter your answer in the answer box and then click Check Answer 2 parts remaining Clear All CAS
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