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How long will it take you to double your money

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Questions -

1. If you deposit money today into an account that pays 6.5% interest, how long will it take you to double your money? 

2. How many years will it take for $10,000 to grow to $200,000, given a 15% compound growth rate?

3. Would you prefer $20,000 in five years or an ordinary annuity of $1,600 per year for 15 years? You require an 11% annual return and need to make a decision today.

4. Justin-case Corporation has issued a bond that has a 10% coupon rate, payable semi-annually.  The bonds mature in 7 years, have a face value of $1,000, and a yield to maturity of 12%. What is the price of the bond?

Reference no: EM133124105

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