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Dmitry_Shevchenko [17]
3 years ago
8

At 6.5 percent interest how long does it take to double your money to quadruple it

Business
2 answers:
Oksi-84 [34.3K]3 years ago
4 0

Your money will double in approximately 11 years and quadruple in approximately 22.

Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).

maw [93]3 years ago
3 0

Answer:

The rule of 72 is a simple way to determine approximately when will someone's investment double.

The formula for applying the rule of 72:

number of years = 72 / interest rate = 72 / 6.5 = 11.08 ≈ 11 years

if we want to know approximately when our investment will quadruple, we just multiply 11.08 x 2 = 22.16 ≈ 22 years

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Answer:

The Income Statement  is-

Sales = $435,000

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I have done this question before in my "Money Management" Dual enrolled class.

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Germany is capital abundant country and Japan is labor abundant country. If computers are produced mostly by capital and beer is
wel

Answer:

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Explanation:

The H-O model or Heckscher-Ohlin theory is an economic model about the comparative advantages of nations in international trade.  The model tries to explain the equilibrium of trade existing between two countries that have varying specialties and natural resources.  According to the H-O model, countries export more goods and services for which they have plenty resources than they do for goods and services for which they have scarce resources.  For example, if a country has capital in abundance, it will export more of capital-intensive products while it will import labor-intensive products, because it has scarce labor resources.

6 0
3 years ago
The Treasury bill rate is 6%, and the expected return on the market portfolio is 10%. According to the capital asset pricing mod
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Answer: See explanation

Explanation:

Your question is not complete. Here is the completed question:

The Treasury bill rate is 6%, and the expected return on the market portfolio is 10%. According to the capital asset pricing model, what is the risk premium?

The risk premium will be the difference between the market portfolio and the treasury bill rate. This will be:

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3 years ago
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