How long will it take for a sum to double

Assignment Help Project Management
Reference no: EM132348796

Question

1. At a growth (interest) rate of 6 percent annually, how long will it take for a sum to double? To triple? (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Time needed to double____years

Time needed to triple_____years

2. Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due).

What is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? The interest rate is 9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value____

3. Franklin Templeton has just invested $9,760 for his son (age one). This money will be used for his son's education 19 years from now. He calculates that he will need $35,235 by the time the boy goes to school.

What rate of return will Mr. Templeton need in order to achieve this goal? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Rate of return_____%

Reference no: EM132348796

Questions Cloud

What is the incremental savings of buying the valves : What is the incremental savings of buying the valves? (answer should be in per unit format and is a positive number)
Calculate the impact of the exhibit on company profit : 12,000 for space. At the show, infinity designs will present a slide show on a PC, pass out brochures that are printed previously
What is the break-even volume : What would the total cost, total sales and profit (or loss) be for a weekly volume of 100,000 bars? What is the break-even volume?
Present value of all three future benefits : At a discount rate of 10 percent, what is the present value of all three future benefits?
How long will it take for a sum to double : At a growth (interest) rate of 6 percent annually, how long will it take for a sum to double? To triple?
Explain ways of overcoming barriers to communication : Diploma in Business Administration Level 3-Y/506/1910 Communicate in a Business Environment-Evaluate the effectiveness of different communication systems.
Market return remained unchanged : What would be the return on the stock if the stock's beta increased to 2.21 while the risk-free rate and market return remained unchanged?
What is the value of the stock : The stock promised to pay an annual dividend equal to 11.0% of the par value. If the appropriate discount rate for this stock is 19.0%
Calculate the net present value : The initial outlay would be $1,960,000, and the project would generate cash flows of $380,000 per year for six years. The appropriate discount rate is 4.0%.

Reviews

Write a Review

Project Management Questions & Answers

  Developing the requirements specification for integration

For this week's assignment, you will be developing the requirements specification for this integration. You should use all of the tools available to you to elicit requirements (such as one-on-one interviews with all major stakeholders, surveys, ar..

  Determine the total budgeted cost for the project

Determine the total budgeted cost for the project, prepare a budgeted cost by period table and a cumulative budgeted cost (CBC) curve for the project and identify at least four risks that could jeopardize the project.

  Project risk management by job description

Prepare a draft outlining your ideas how the following team members could integrate risk management into their jobs - Project Risk Management by Job Description

  What is the total amount of hours to build the 40 units

What is the total amount of hours to build the 40 units? -  What is the average time to build each of the 40 units?

  Developing a communication planeffective communication is

developing a communication planeffective communication is more than something that the project manager must schedule.

  Several production departments

How do we record direct materials costs for each production department?

  Project baselinechanges during the life cycle of projects

project baselinechanges during the life cycle of projects are inevitable and will occur. some changes may be very

  Question about aggregate production planningwork thru this

question about aggregate production planningwork thru this to compare chase versus level aggregate plansas a manager of

  Conscious of social class

Do you think most people in the U.S.are conscious of social class? How important is class to them?

  Change is the bane of the tpm project manager

Is the client likely to be confused about the role of change, and what would you do to mitigate that confusion?

  Identify the steps of the risk management process

1) Differentiate between the consensus, ratio, and apportion methods? Provide an example for when each method is used.

  Assumptions of the production order quantity model

The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. The productio..

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