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I will rate Approximately how long will it take to double your money if you get a...

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Finance

I will rate

  1. Approximately how long will it take to double your money if youget a 5.5%, 7.5%, or 9.5% annual return on your investment? Verifythe approximate doubling period with the time value of moneyequation.
  1. Fill in the missing annuity in the following table for anordinary annuity stream.

Number of Payments or Years

Annual Interest Rate

Future Value

Annuity

Payment

Present Value

5

9%

0

$25,000.00

20

8%

$25,000.00

0

30

7%

0

$200,000.00

10

4%

$96,048.86

0

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Transcribed Image Text

I will rateApproximately how long will it take to double your money if youget a 5.5%, 7.5%, or 9.5% annual return on your investment? Verifythe approximate doubling period with the time value of moneyequation.Fill in the missing annuity in the following table for anordinary annuity stream.Number of Payments or YearsAnnual Interest RateFuture ValueAnnuityPaymentPresent Value59%0$25,000.00208%$25,000.000307%0$200,000.00104%$96,048.860

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