Use the Rule of 72 to figure out how long it will take for your money to

Question:

Use the Rule of 72 to figure out how long it will take for your money to quadruple in value if the interest rate is 8% per year.

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

See More Books

Question Posted: Nov 14, 2017 02:14 AM

See More Questions

If the interest rate is 6% per year, how long will it take for your money to quadruple in value? If the inflation rate is 4% per year, what will be the change in the purchasing power of your money...
If the interest rate is 8% per year, what decision would you make based on the decision tree diagram in Figure P12-23? 200,000 profit per year for six years, starting at EOY 3 (0.6) $280,000 profit...
Lets figure out how long it will take for the average Indian to be as wealthy as the average Western European is today. All numbers are adjusting for inflation, so were measuring output in piles of...
Now apply one of those decision making models (Philosophical) to this scenario: Scenario: You are a CPA in the accounting department at a HealthCare System with three other accountants. You are good...
During a hard sneeze, your eyes might shut for 0.50 s. If you are driving a car at 90 km/h during such a sneeze, how far does the car move during that time?
What are the potential consequences of analysis paralysis on organizational productivity and innovation ?
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring $\ddot{x}+f \frac{\dot{x}}{|\dot{x}|}+\omega_{n}^{2} x=0$
List the pressures that lean systems pose for supply chains, whether in the form of process failures due to inventory shortages or labor stoppages, etc. Reflect on how these pressures may apply to a...
1. What are the five steps to creating more sustainable events? Describe and explain each step. 2. What is fair trade, and what does it mean for contract employees versus salaried employees?...
The byte-counting variant of the leaky bucket algorithm is used in a particular system. The rule is that one 1024-byte packet, or two 512-byte packets, etc., may be sent on each tick. Give a serious...
Your consulting firm will produce cash flows of $ 100,000 this year, and you expect cash flow to keep pace with any increase in the general level of prices. The interest rate currently is 8%, and you...
There are dozens of Web sites that provide calculators to help with personal finance decisions. Two good examples are www.quicken.com and www.financialpost.com. Log on to the Financial Post site, and...
1. What is the business model for Genzyme? What does Termeer want for his company going forward? 2. What is the business model for Relational Investors? 3. Should Termeer fight Whitworth, or can he...
Selected data concerning the past years operations of the Ozarks Manufacturing Company are as follows: Inventories Beginning Ending Raw material $ 51,000 $ 81,000 Work in process 80,000 30,000...
long, thin wire carrying 6.0 nC/m runs down the center of a long, thin-walled pipe with radius 1.8 cm carrying -4.2 nC/m spread uniformly over its surface. Part A Find the electric field 0.90 cm from...
Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $108,000. b. Direct materials used, $44,000. Indirect materials used, $19,800. c. Direct labor used,...
How would you evaluate Cisco social media marketing success? Outline which, if any, of the mentioned media plans Cisco should pursue. Why? What are the challenges of using social media? Do you have...
A 0.7 MeV photon scatters from an electron initially at rest. If the photon scatters at an angle of 35, calculate (a) the energy and wavelength of the scattered photon, (b) the kinetic energy of the...
An article titled The Latest on Workplace Monitoring and Surveillance (American Management Association, November 17, 2014) referred to the 2007 Electronic Monitoring & Surveillance Survey. In a...
Economic feasibility is an important guideline in designing cost accounting systems. Do you agree? Explain.
Sustainable Growth Rate In the chapter, we discussed the two versions of the sustainable growth rate formula. Derive the formula ROE X b from the formula given in the chapter, where ROE is based on...
Present Value the basic present value equation has four parts. What are they?
Present Value the basic present value equation has four parts. What are they?
How do I access my computer files on Windows from Ubuntu? Google is not helping. I tried searching for it in Files on Ubuntu but all that were shown were Ubuntu files, not my computer files.
You throw a nerf basketball of mass 0.002 kg into the air. Att = 0, the ball leaves your hand. Att = 0.10 s, the net force on the b (-0.0203,-0.0248, 0) N, its velocity is (1.87, 0.84, 0) m/s, and...
How does inflation impact the value of money over time? Discuss in detaills.

Use the Rule of 72 to figure out how long it will take for your money to

Question:

Step by Step Answer:

According to the Rule of 72 at an interes...View the full answer

Fundamentals of Corporate Finance

Students also viewed these Advanced Accounting questions