What is rate of return, The Rule of 72 provides a guideline

What is rate of return

Assignment Help Finance Basics

Reference no: EM131485839

Question: 1. The Rule of 72 provides a guideline for determining how long it takes your money to double. This rule can also be used to determine your earning rate. If your money is expected to double in 12 years, what is your rate of return?

2. If you desire to have $10,000 in savings eight years from now, what amount would you need to deposit in an account that earns 5 percent?

Reference no: EM131485839

Questions Cloud

Imitation is more valuable than innovation : In recent paper entitled “Imitation is More Valuable Than Innovation” by Oded Shenkar,it was determined that 97.8% of value of innovations goes to the imitators

What amount will the family need for their living expenses : In 2011, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $20,000. What was the rate of increase.

Prepare consolidation journal entries : Tom Ltd acquired 75% of the shares in Jerry Ltd for $190,000 on 1 July 2014. Prepare consolidation journal entries as at 1 July 2014

Define and explain the term merging with competitors : Define and explain the term Mergers and Acquisitions? Define and explain the term Merging with Competitors?

What is rate of return : The Rule of 72 provides a guideline for determining how long it takes your money to double. This rule can also be used to determine your earning rate.

Shopping at convenience store when it was robbed at gunpoint : Ralph was shopping at a convenience store when it was robbed at gunpoint. Explain what rights does an employee at will have in a situation like this.

Describe risk that you might when making financial decisions : Talk with several people about their financial goals. How have their employment situations affected their financial decisions?

Psychological reasons good people do bad things : One of your readings for the week, “27 Psychological Reasons Good People Do Bad Things”, Acceptance of small theft and The compensation effect

About the contrast between rationalism and empiricism : Explain where you have seen reason and experience at work, and the value of each. about the contrast between rationalism and empiricism.

User Account

All Pages