How long does it take to double your money

Assignment Help Finance Basics
Reference no: EM1344624

Your coin collection contains 50 1952 silver dollars. If your grandparents purchases them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1%.

At 5% interest, how long does it take to double your money?

Reference no: EM1344624

Questions Cloud

Interpreting relationship between net income and cash flow : Kroger a retail grocery store chain growing at approximately the same rate as the population. Find each firm and explain your reasoning.
Find the magnitude and direction of elevator acceleration : Assume that we suddenly discovered that all these years we would be wrong about the distance from Earth to the Sun, and it is actually 10 percent greater than we would think. How would that affect our approximation of the distance to the Andromeda..
Calculate the net present value of an item : Calculate the net present value of an item that has a buying value of $20,000, needs $1,000 maintenance at the end of each year except year 4.
Benefits of organized securities exchanges : What major benefits do corporations and investors enjoy due to the existence of organized security exchanges?
How long does it take to double your money : Explain how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1%
How long does it take for the last car to come : Do you agree with IBM's employment response to competition from software development contractors in India, like Wipro, that are expanding into IT consulting services? Why or why not.
Creating use case to describe typical sales process : Create use case to describe a typical sales process. Then make a sequence diagram for use case.
Explain how many days will he choose to stay in the hospital : If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Calculate terminal or horizon value of operations : Sony Company has never paid a dividend. The free cash flow is projected to be $40,000 & $50,000 for the next two years, & after 2nd year it is expected to grow at a constant rate of 6%.

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Computing the cost in ten years using average home costs

The average home costs= $275,000 today. How much will it cost in ten years if price rises by 5% each year?

  Supply chains and working capital management

Supply Chains and Working Capital Management: -  Examine the key reasons why a business may not want to hold too much or too little working capital. Provide examples that illustrate the consequences of either situation.

  Semi-annual interest payments

The semi-annual interest payments that corporate bonds in the U.S. typically pay are conventionally referred to as

  Objective type questions on preferred stock

Objective type questions on preferred stock and If markets are in equilibrium then what will occur

  Annuity payment amounts with changing interest

Set up the fund of semi-annual payments to be compounded semi-annually to accumulate the some of $100,000 after 10 years at 8 percent annual rate (20 payments). Find out how much the semi-annual payment should be. (round to whole numbers.)

  Calculation of expected return on investment

Calculation of expected return on investment and what is your expected starting salary as well as the standard deviation of that starting salary

  Calculation of cash interest payment for a bond

Calculation of cash interest payment for a bond and The bonds pay interest semiannually

  Worth of dollar-annuity-compounding

What is an annuity and give some examples. What is the effect of compounding more frequently that once per year? What is the meaning of effective annual rate?

  Ethics in business implies

Suppose that you are the CFO of a firm contemplating a stock repurchase next quarter. You know that there are many methods of decreasing the current quarterly earnings,

  Statements concerning cash balance pension plans

Find the correct statement concerning cash balance pension plans.

  Present value table-present value function

by using a present value table, your calculator, or a computer program present value function, answer the following questions: Find out the present value of nine annual cash payments of $8,000, to be paid at the end of each year using interest rate ..

  Calculation of debt ratio and total asset turnover ratio

Calculation of Debt Ratio and Total Asset Turnover Ratio and Compute the following ten financial ratios and provide a one sentence explanation of the analytic use of each ratio test. Show your formulas and input.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd