How long will it take for a sum to double

Assignment Help Project Management
Reference no: EM132348796

Question

1. At a growth (interest) rate of 6 percent annually, how long will it take for a sum to double? To triple? (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Time needed to double____years

Time needed to triple_____years

2. Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due).

What is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? The interest rate is 9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value____

3. Franklin Templeton has just invested $9,760 for his son (age one). This money will be used for his son's education 19 years from now. He calculates that he will need $35,235 by the time the boy goes to school.

What rate of return will Mr. Templeton need in order to achieve this goal? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Rate of return_____%

Reference no: EM132348796

Questions Cloud

What is the incremental savings of buying the valves : What is the incremental savings of buying the valves? (answer should be in per unit format and is a positive number)
Calculate the impact of the exhibit on company profit : 12,000 for space. At the show, infinity designs will present a slide show on a PC, pass out brochures that are printed previously
What is the break-even volume : What would the total cost, total sales and profit (or loss) be for a weekly volume of 100,000 bars? What is the break-even volume?
Present value of all three future benefits : At a discount rate of 10 percent, what is the present value of all three future benefits?
How long will it take for a sum to double : At a growth (interest) rate of 6 percent annually, how long will it take for a sum to double? To triple?
Explain ways of overcoming barriers to communication : Diploma in Business Administration Level 3-Y/506/1910 Communicate in a Business Environment-Evaluate the effectiveness of different communication systems.
Market return remained unchanged : What would be the return on the stock if the stock's beta increased to 2.21 while the risk-free rate and market return remained unchanged?
What is the value of the stock : The stock promised to pay an annual dividend equal to 11.0% of the par value. If the appropriate discount rate for this stock is 19.0%
Calculate the net present value : The initial outlay would be $1,960,000, and the project would generate cash flows of $380,000 per year for six years. The appropriate discount rate is 4.0%.

Reviews

Write a Review

Project Management Questions & Answers

  Create a project schedule and align resources

Create a project schedule and align resources, Analyze project schedule and resource allocation

  Managerial roles and gap analysis

Write a report on Managerial Roles and Gap Analysis

  Questionaire on project management

Questionaire on Project Management

  Describe the market growth rate for product

Describe the market growth rate for product and service.

  Prepare a work plan and project schedule - gantt chart

Design an online system for the human resources department to manage available job positions.

  Project risk management approach

How does a project risk management approach pro-vide an early warning signal for impending problems or issues

  Black-scholes options pricing model

Calculate the payoff and the profits for investments

  Describe the features or characteristics of product

Describe the features or characteristics of your product or service.

  Write paper on inventory management system

Write paper on Inventory Management System.

  Analysis of the overall project risk

Analysis of the overall project risk

  Investment and performance analysis

Evaluate the usefulness of ROCE

  Distribution strategy and project management

Distribution strategy and project management

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