Determining the rate of interest

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The rule of 72 worksheet, use the Rule of 72 to estimate how long it would take the following investments to double in value:

If you wanted to double your money in 15 years, at what rate of interest would you need to invest your money?

Use the investment information given in question #1(Calculate the amount of simple interest earned and the final value for each of the following investments. a} Principal $400.00 rate: 1.25% per annum term: 8 years ~$440 B} principal:$750 rate:2.75% per annum term: 5 years C} principal:$1000.00 rate:4.50% per annum term: 10 years) How much would the investment be worth if the interest were compounded...

a. Monthly?

b. Daily?

c. yearly?

Reference no: EM133067798

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