Question

In: Finance

If a project promises to return 5% per year, how long will it take for you to double your money?

7) If a project promises to return 5% per year, how long will it take for you to double your money? (Ch 5)

 

Solutions

Expert Solution


Related Solutions

How long does it take to double your money if you can earn 16%per year...
How long does it take to double your money if you can earn 16% per year if the interest rate is compounded quarterly?
Double your money—Rule of 72. Approximately how long will it take to double your money if...
Double your money—Rule of 72. Approximately how long will it take to double your money if you get an annual return of 3.6%​, 7.1%​, or 9.8% on your​ investment?   Approximately how long will it take to double your money if you get a 3.6​% annual return on your​ investment?
I will rate Approximately how long will it take to double your money if you get...
I will rate Approximately how long will it take to double your money if you get a 5.5%, 7.5%, or 9.5% annual return on your investment? Verify the approximate doubling period with the time value of money equation. Fill in the missing annuity in the following table for an ordinary annuity stream. Number of Payments or Years Annual Interest Rate Future Value Annuity Payment Present Value 5 9% 0 $25,000.00 20 8% $25,000.00 0 30 7% 0 $200,000.00 10 4%...
how long will it take money to double itself if invested at 5% compounded annually?
how long will it take money to double itself if invested at 5% compounded annually?
Roughly how long would it take your money to double in value ifit were invested...
Roughly how long would it take your money to double in value if it were invested at an annual rate of 7%?Select one:a. 7 yearsb. 8 yearsc. 9 yearsd. 10 years
How long will it take money to double if it is invested at 6​% compounded monthly?...
How long will it take money to double if it is invested at 6​% compounded monthly? 5.3% compounded​ continuously?
If you earn 6% per year on your bank account, how long will it take an...
If you earn 6% per year on your bank account, how long will it take an account with $110 to double to $220? A famous quarterback just signed a contract for $19.5 million, providing $3.9 million a year for 5 years. A less famous receiver signed a contract for $18.5 million, providing $4 million now and $2.9 million a year for 5 years. The interest rate is 10%. a. What is the PV of the quarterback's contract? (Do not round...
How lo g would it take to double your money in an account paying 4% compounded...
How lo g would it take to double your money in an account paying 4% compounded quarterly? ignoring leap years, the investment should be doubled in ___ years and ___ days. (rounding to the nearest whole number as needed) Is this solvable in Excel? If yes, what is the formula to make it work?
How long does it take for an investment to double in value if it is invested...
How long does it take for an investment to double in value if it is invested at 15?% compounded monthly??Compounded? continuously?
At 10.2 percent interest, it would take ______ years to double your money. (Round your answer...
At 10.2 percent interest, it would take ______ years to double your money. (Round your answer to 2 decimal places. (e.g., 32.16)) Your Answer:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT