Question: practice questions At 6.3 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to

practice questions

At 6.3 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Lenmtigofme _ At 6.3 percent interest, how long does it take to quadruple it? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Lengtnonime _ References Investment X offers to pay you $4,400 per year for 9 years, whereas Investment Y offers to pay you $6,500 per year for 5 years. If the discount rate is 5 percent. what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value Investment X Investment y If the discount rate is 15 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value Investment X Investment y

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