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At 9.0% percent interest, how long does it take to quadruple your money? In 2000, an 1880-0 Morgan silver dollar sold for Dollar 11, 200.What was the rate of return on this investment? You're trying to save to buy a new Dollar 116,000 Ferrari. You have Dollar 48, 400 today that can be invested at your bank. The bank pays 6.2% annual interest on Its accounts. How long. will It be before you have enough to buy the car? You have Dollar 16, 100 you want to invest for the next 40 years. You are offered an investment plan that will pay you 9.6% per year for the next 20 years and 11 percent per year for the last 20 years. How much will you have at the end of the 40 years? Investment X offers to pay you Dollar 4, 140 per year for nine years, where as Investment Y offers to pay you Dollar 5, 730 per year for five years. If the discount rate is 6 percent, by how much is the present value of X higher than that of Y? You have invested Dollar 53, 600 in an investment fund. What amount can you withdraw from this fund in 10 years if the fund is offering an annual interest rate of 9.9%. Assume you invest Dollar 6, 500 at the end of each year into an equity fund. The fund is expected to pay 11.9% percent interest annually. How much money will you have in the fund in 20 years