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%...