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Andreyy89
3 years ago
8

How long will it take your money to triple if you receive 10% return on your money, compounded annually?

Business
1 answer:
vovangra [49]3 years ago
8 0

Answer:

11.6 years

Explanation:

When we are trying to determine how long will it take an investment to double using compound interest, the simplest way is to use the rule of 72. But the problem is that it doesn't work very well with odd numbers.

So we have to use math:

FV = PV (1 + r)ⁿ

PV = X     and  FV = 3X

3X = X(1 + 10%)ⁿ

3 = (1 + 0.1)ⁿ

log 3 = log 1.1ⁿ

log 3 = n x log 1.1

n = log 1.1 / log 3

n = 11.6 years

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3 years ago
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After identifying and performing the preliminary classification of an organization’s information assets, the analysis phase move
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2 years ago
In February 2017 the risk-free rate was 4.97 percent, the market risk premium was 7 percent, and the beta for Twitter stock was
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Answer:

14.77%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

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