Find the interest rate

Assignment Help Finance Basics
Reference no: EM132607355

An investment grows from $10,240 to $10,700.80in one year.

a) Find the interest rate.

b) If the investment continues to grow at that rate, find the number of years it will take the investment to double (Round your final answer to 2 digits).

Reference no: EM132607355

Questions Cloud

Work out three combinations of saving : Work out three combinations of saving, interest and return rates, one for each goal, that you can realistically apply.
What is the bank earnings per share : Its liabilities total $4,960 million while its equity capital amounts to $1052 million with 3000 million common shares outstanding.
Estimate what happens to the value of the portfolio : Estimate what happens to the value of the portfolio when there is a shock to the market causing the underlying asset price
What is the present value of the payments : Suppose you are going to receive $13,500 per year for five years, with the first payment to be received today. The appropriate interest rate is 7.5%.
Find the interest rate : An investment grows from $10,240 to $10,700.80in one year. a) Find the interest rate.
European call options with a strike price : The current price of a stock is $145, and three-month European call options with a strike price of $149 currently sell for $6.40.
Compute the coefficient of variation : Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Compute the coefficient of variation
UFCFHJ-15-M Information Security Assignment : UFCFHJ-15-M Information Security Assignment Help and Solution, University of the West of England - Assessment Writing Service
Developing a strategy to manage interest rate : You are developing a strategy to manage interest rate risk of your portfolio using

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd