Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you plan to place money in an investment that will

You plan to place money in an investment that will pay 14.4% per year compounded...

60.1K

Verified Solution

Question

Finance

You plan to place money in an investment that will pay 14.4% per year compounded annually. If you invest $30,000 today using the rule of 72 how many years will it take for your investment to double?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Company Alpha ltd has a market value of N$6 billion and an issued share capital of...

Finance
Q

1.20 g of an unknown liquid is placed into a 2.3 L container under vacuum. (No...

Chemistry
Q

Consider the Daniell cell, for which the overall cell reaction is Zn(s)+Cu2+(aq)⇌Zn2+(aq)+Cu(s) The concentrations of CuSO4...

Chemistry
Q

A certain dye absorbs light of 1 4530 and then fluorescence light of 5080 Assuming...

Physics
Q

The values of y yo and t are given For an equation of the form...

Calculus
Q

Find an equation for the line graphed below 10 10 10

Algebra
Q

Which stem and leaf plot shows a data set WILI median D Press to hear...

Algebra
Q

devon corporation uses a discount rate of 8% in its capital budgeting. partial analysis of...

Accounting
Q

Need help with the net present value and probability inference BAK Corp. is considering...

Accounting
Q

he following audit procedures were planned by Brienne Tarth, CPA, in the audit of the...

Accounting
Q

The following information pertains to JAE Corporation at January 1, Year 2: Commonstock,$11par,9,000sharesauthorized,1,800sharesissuedandoutstandingPaid-incapitalinexcessofpar,commonstockRetainedearnings$19,80017,40071,200 Common stock,...

Accounting
Q

Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina....

Accounting