How long will it take to double your money

Reference no: EM13294858

If you deposit money today in an account that pays 8.6% annual interest, how long will it take to double your money? Round your answer to the nearest whole.

Reference no: EM13294858

Questions Cloud

Annual profit in thousands of dollars : Annual profit in thousands of dollars is given by the function, P(x) = 100vx-5 + 3,000, where x is the number of items sold in thousands, x = 5.

Compute the speed of the shuttle : The space shuttle orbits at a distance of about 300 km above the surface of the earth. Find the speed of the shuttle

How large must the deposit be : Your rich uncle offers to put you through school, and he will deposit in a bank paying 5.65% interest a sum of money that is sufficient to provide the 4 payments of $30,000 each. His deposit will be made today.

How much would he have after the same three time periods : how much would he have after the same three time periods? use the money in motion calculator to calculate each amount and comment on the differences over time.

How long will it take to double your money : If you deposit money today in an account that pays 8.6% annual interest, how long will it take to double your money? Round your answer to the nearest whole.

What fraction of the payment made at the end of second year : Your company is planning to borrow $2,250,000 on a 9-year, 12%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal? Round your answer to two decimal plac..

Find the speed of the electron as it orbits the proton : The distance between the electron and proton in a hydrogen atom is 5.3 x10-11 m. Find the speed of the electron as it orbits the proton

Find the herfindahl index for the industry composed of : Find the Herfindahl index for the industry composed of a) three firms-one with the 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; b)one firm with a 50 percent share of the market and 10 other equalized..

What direction is he green ball going after the collision : A red 2·kg ball traveling 8·m/s due north collides with a green 2·kg ball traveling 5·m/s due west, what direction is he green ball going after the collision

User Account

All Pages