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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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Llana [10]

Answer:

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Explanation:

Data provided in the question :

Factor             Risk premium

Factor 1               5%

Factor 2              3%

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Now,

Expected return

= Risk free rate + (Beta of factor 1 × Risk premium of factor 1) + (Beta of factor 2 × Risk premium of factor 2)

or

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6 0
3 years ago
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zysi [14]

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Option "D" is the correct answer to the following statement.

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The debt-equity ratio is used to find the firm's credibility.

5 0
3 years ago
A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,
Elodia [21]

Answer:

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X company

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For the year ended, June 30 20YY

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Less: cost of goods sold                                       $65,000

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In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.

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Answer:

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