Time for a lump sum to double

Assignment Help Financial Management
Reference no: EM13724312

Time for a lump sum to double

If you deposit money today in an account that pays 12% annual interest, how long will it take to double your money? Round your answer to two decimal places.

______ Years

Reference no: EM13724312

Questions Cloud

What is the present value of a security : What is the present value of a security that will pay $19,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent.
What nominal annual rate will they charge their customers : Quantitative Problem: Bank 1 lends funds at a nominal rate of 8% with payments to be made semi-annually. Bank 2 requires payments to be made quarterly. If Bank 2 would like to charge the same effective annual rate as Bank 1, what nominal annual rate ..
Future value-annuity versus annuity due : What's the future value of a 4%, 5-year ordinary annuity that pays $700 each year? Round your answer to the nearest cent. If this was an annuity due, what would its future value be? Round your answer to the nearest cent.
What is the hospitals current receivable balance : Fargo Memorial Hospital has annual patient service revenues of $14,400,000. It has two major third-party payers, and some of its patients are self-payers. The hospital's patient accounts manager estimates that 10 percent of the hospital's billings ar..
Time for a lump sum to double : If you deposit money today in an account that pays 12% annual interest, how long will it take to double your money? Round your answer to two decimal places.
Financial outcomes in measuring effective leadership : In your opinion, how valuable are financial outcomes in measuring effective leadership? Explain what should be measured? How should we interpret these measures to organizational goals?
Present and future values of a cash flow stream : An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 11% annually, what is its present value? Round your answer..
Contrast the similarities and differences between societies : Compare and contrast the similarities and differences between the societies in relation to the topic you chose-for example, standard of living, education, or employment opportunities.
What is the clinics float : On a typical day, Park Place Clinic writes $1,000 in checks. Generally, those checks take four days to clear. Each day the clinic typically receives $1,000 in checks, which take three days to clear. What is the clinic's float?

Reviews

Write a Review

 

Financial Management Questions & Answers

  Two loans are equivalent with exception of interest rates

You are considering two loans. The terms of the two loans are equivalent with the exception of the interest rates. Loan A offers a rate of 7.75 percent, compounded daily. Loan B offers a rate of 8 percent, compounded semi-annually. Which loan should ..

  How does a current account deficit benefit u.s. citizens

What is a current account deficit? Specifically, what does it mean that the U.S. isrunning a current account deficit? How does a current account deficit benefit U.S. citizens? Howdoes a current account deficit hurt U.S. citizens?

  Currently the average tuition of a state college

College tuition has been rising at a rate of 7% per year. Currently the average tuition of a state college is $10,600 per year. Andrea's son Trevor will begin college in 9 years. Andrea's portfolio is making 2% annually. How much does Andrea need to ..

  Supply and demand

Question based on supply and demand

  What was the approximate inflation rate

Your investments increased in value by 12.6 percent last year but your purchasing power increased by only 11.9 percent. What was the approximate inflation rate? (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

  The asset beta for firms in the same industry code

The asset beta for firms in the same industry (SIC) code and determine that value is 1.15. The firm plans on keeping its D/E ratio constant (at the current level) going forward and the tax rate is expected to be 35%. The beta of the firm's de..

  Wall street journal assignment on international financeuse

wall street journal assignment on international financeuse a recent issue of the wsj and go to the currencies table to

  What is the firms net income

A firm has total assets of $280,000, a total asset turnover rate of 1.6, a debt-equity ratio .4, and a return on equity of 13.25 percent. What is the firm's net income?

  Calculate the total dollar-day float for the month

Calculate the total dollar-day float for the month, calculate the average dollar-day float, calculate the average collection float in days and calculate the annual cost of float assuming an annual opportunity costs of 6%.

  What is the effect of stock not cash dividends and stock

What is the effect of stock (not cash) dividends and stock splits on the market price of common stock?  Why do corporations declare stock splits and stock dividends?

  Determine what is the rational for the federal reserve board

What is the rational for the Federal Reserve Board keeping the federal rate to a nominal rate in recent years. How does this effect the financial markets.

  What is the coupon rate of these bonds

The current price of a $1,000 par bond is $1,101.72 and coupons are paid semi-annually in the amount of $38.50. What is the coupon rate of these bonds?

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