How long would it take double your money at a simple rate

Assignment Help Finance Basics

Reference no: EM13305701

A recent advertisement in the financial section of a magazine carried the following claim: "Invest your money with us at 14 percent, compounded annually, and we guarantee to double your money sooner than you imagine." Ignoring taxes, how long would it take double your money at a simple rate of 14 percent, compounded annually?

Reference no: EM13305701

Questions Cloud

Construct a loan amortization schedule : Mary has decided to borrow $120,000. The terms of the loan are 6% over the next 4 years. She will be making annual payments (not monthly). This is an important distinction.

What is intensity of the light source : You set up an experiment with two polarizer screens on an optical bench and collect data for the intensity of the light at the detector as you vary the relative angle between the transmission axes of the polarizers. What is intensity of the light s..

Estimate owego storage required return on equity investment : Estimate Owego storage's required return on its equity investment in the new warehouse.

How long does it take your popsicle to freeze : One summer day, you decide to make a popsicle. You place a popsicle stick into a 9-oz glass of orange juice, How long does it take your popsicle to freeze

How long would it take double your money at a simple rate : Ignoring taxes, how long would it take double your money at a simple rate of 14 percent, compounded annually?

What factors determine a bond market price : What role do transaction costs play in bond transactions?

For what reasons should the percentage of completion method : For what reasons should the percentage of completion method be used over the completed contract method whenever possible?

Which is the most difficult to get right : Of the various ways to determine the cost of capital, which is the most difficult to get right? Explain your rationale.

What rate should the shop report : Ricky Ripov's Pawn Shop charges an interest rate of 13.75 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. What rate should the shop report?

User Account

All Pages