According to the rule, According to the Rule of 72, how

According to the rule

Assignment Help Financial Management

Reference no: EM13877938

According to the Rule of 72, how long would it take for $1000 to become $8000?

A. 20 years at 14.4% interest

B. fifty years at 7.2% interest

C. 20 years at 7.2% interest.

D. 24 years at 12% interest.

E. 36 years 6% interest.

Reference no: EM13877938

Questions Cloud

Purpose of classifying cash flows into the categories : The cash flow data of Calendar Company for the year ended December 31, 2004 are as follows: Cash payment of dividends $ 80,000, Purchase of land $ 18,000, Cash payments for interest $ 20,000, Prepare a statement of cash flows for Calendar Company usi..

What is the current price of a bond : What is the current price of a bond if it is priced to yield 2 percent, has a $1,000 face value, has 10 years to maturity, pays semiannual coupon payments, and has a coupon rate of 7 percent?

Present value of an annuity to increase : Which of the following would cause the present value of an annuity to increase?

Magazine sweepstakes and opted to take unending payments : You just won the magazine sweepstakes and opted to take unending payments. The first payment will be $35,000 and will be paid one year from today. Every year thereafter, the payments will increase by 2% annually. What is the present value of your pri..

According to the rule : According to the Rule of 72, how long would it take for $1000 to become $8000?

Owner ship and control are not separated : Sole proprietorships have all of the following advantages except easy to set up. single taxation of income. Limited liability. Owner ship and control are not separated.

What is the market value of kurzs existing assets : Kurz Manufacturing is currently a levered firm with 50M shares outstanding priced at $10.00 per share and 250K bonds outstanding at $1000 per bond (this is also the face value of each bond). What is the market value of Kurz's existing assets? What is..

What is the amount of the depreciation expense : Suppose you are given the following information for Yusuf Surfing Co.: Sales = $40,000; costs of goods sold = $15,000; addition to retained earnings = $5,221; dividends paid = $1,469; interest expense = $1,300; tax rate = 40% . What is the amount of ..

The original purchaser of this investment : The original Barbie doll was introduced in 1972 and sold for approximately $3.00. In year 2015, a mint-condition doll in its original box would be listed on EBay at approximately $700.00. What average annual rate of return would the seller realize if..

User Account

All Pages