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3 years ago

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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kipiarov [429]

Answer:

The answer is d. possibility that interest rates drop so low that people willingly hold all the additions to the money supply, rather than use it to buy bonds

Explanation:

A liquidity trap is a situation in which interest rates are low and savings rates are high. It occurs when monetary policy becomes ineffective because, despite zero/very low-interest rates, people want to hold cash rather than spend or buy illiquid assets

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3 years ago

A notary signing agent wants to stand out from other nsas by guaranteeing to borrowers and contracting companies that all of her

valentinak56 [21]

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<h3>Who is borrower?</h3>

A borrower refers to any person or organization taking out loan from a bank under an agreement to pay back it with interest.

As per a notary signing agent wants to stand out from other NSA's by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. This is prohibited if it is stated to be a guarantee.

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1 year ago

Which type of investment works by taking investors’ money, investing that collective money in stocks, bonds, and other investmen

aleksandrvk [35]

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1 year ago

The following events occurred last year for the Bronze Company: Purchase of treasury stock $50,000 Issuance of common stock 90,0

Lana71 [14]

Answer:

Net Cash Flow from Financing Activities $150,000

Explanation:

Data provided in the question:

Purchase of treasury stock = $50,000

Issuance of common stock = 90,000

Payment of dividends to common stockholders = 10,000

Sale of equipment = 17,000

Now,

Net cash flow from financing activities will be

Issuance of common stock $90,000

Purchase of treasury stock $50,000

Payment of dividends to common stockholders $10,000

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Net Cash Flow from Financing Activities $150,000

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3 years ago

Marsha’s Pet Store employs six employees. Their duties are to sell pets, replenish the stock, keep the pets’ cages clean, feed t

Gemiola [76]

Answer: True.

Explanation:

People sometimes have a tendency of doing only what they are told to do or only what they are paid for. This is why most people who progress in a company do so on the basis of having done work that was not in their description, but would have helped the company progress.

It would appear that Marsha's 6 employees are all of the caliber of employees who just do what they are told and nothing more.

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3 years ago