How long does it take to quadruple it

Assignment Help Financial Management

Reference no: EM131022075

At 6 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

At 6 percent interest, how long does it take to quadruple it? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131022075

Questions Cloud

Calculate the new equilibrium interest rate : Given the information in (d), calculate the new equilibrium interest rate and the new equilibrium quantity of loanable funds

What is the value added by the baker : Write a short essay utilizing each of these terms and explaining how these terms relate to one another. Where appropriate use graphs or examples to illustrate these relationships.

What is the highest rate you can afford on APR loan : You want to borrow $92,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,800, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?

What is the effective annual rate on loan : You want to buy a new sports coupe for $91,500, and the finance office at the dealership has quoted you an APR of 7.3 percent for a 72 month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?

How long does it take to quadruple it : At 6 percent interest, how long does it take to double your money? At 6 percent interest, how long does it take to quadruple it?

What is the expected value and standard deviation of return : Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 38%. The T-bill rate is 6%. Your client’s degree of risk aversion is A = 3.0, assuming a utility function U = E(r) - ½Aσ². What is the expecte..

Draw a demand and supply graph for the market for kidneys : An editorial in the Economist magazine discusses the fact that in most countries-including the United States-it is illegal for individuals to buy or sell body parts, such as kidneys. Draw a demand and supply graph for the market for kidneys. Show ..

How much cash do they need as a down payment : The Tower family wants to make a home improvement that is expected to cost 60,000 now. They want to fund as much of the cost as possible with a home equity loan but can afford payments of only 800$ per month. Their banks offer equity loans at 1% mont..

What is the labor force equal to in richville : What is the number of employed people in Richville? Explain how you got your answer. What is the number of unemployed people in Richville? Explain how you got your answer. What is the labor force equal to in Richville

User Account

All Pages