Time for a lump sum to double

Assignment Help Financial Management
Reference no: EM13768220

Time for a lump sum to double

If you deposit money today in an account that pays 6% annual interest, how long will it take to double your money? Round your answer to two decimal places.

Reference no: EM13768220

Questions Cloud

Discuss beneficial impacts and negative effects of piracy : Summarize the information found in the articles in 4 full paragraphs. The blog entry should discuss the beneficial impacts and negative effects of the topic, it shouldn't be a review of the articles. The articles are used to find fact-based inform..
How a firm determine its optimal capital structure : How a firm determine its optimal capital structure. Explain how they do it. Why might optimal capital structure differ across industries? Explain.
Brokerage account-time to reach a financial goal : You have $44,524.78 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $270,000. You expect to earn 12% annually on the account. How many years will it take to reach your goa..
Finding the required interest rate : Your parents will retire in 20 years. They currently have $320,000, and they think they will need $2,500,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?
Time for a lump sum to double : If you deposit money today in an account that pays 6% annual interest, how long will it take to double your money? Round your answer to two decimal places.
Big foam company stock and dividend : The Big Foam Brewery Company has 30,000 shares of $10 par value common stock authorized and 20,000 shares issued and outstanding. On August 15, 2012, Big Foam Brewery Company purchased 1,000 shares of treasury stock for $16 per share. Big Foam Bre..
Discuss effects group identification that have influenced : Discuss the effects of my own enculturation or group identification that may have influenced my biases.
Extra-legal factors such as race and socioeconomic status : Should judges be required to take into account extra-legal factors such as race, socioeconomic status, lifestyle exposure to violence and drugs
Create useful and well-designed programs : Create useful and well-designed programs that use subroutines, functions, menus, dialog boxes, and other related form objects to solve practical business problems.

Reviews

Write a Review

Financial Management Questions & Answers

  Probably the best argument in favour of a stock split

Which one of the following is probably the best argument in favour of a stock split?

  The dauten toy corporation currently uses an injection

the dauten toy corporation currently uses an injection molding machine that was purchased 2 years ago.nbsp this machine

  Create a portfolio equally as risky as the market

You want to create a portfolio equally as risky as the market, and you have $500,000 to invest. Information about the possible investments is given below: Asset Investment Beta Stock A $ 146,000 .91 Stock B $ 134,000 1.36 Stock C 1.51 Risk-free asset..

  Assuming an interest rate of compounded semi-annually

What is the future value of $1,590 in 16 years assuming an interest rate of 9.75 percent compounded semi-annually? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (..

  About the huge cash reserves the companies accumulate

Shareholders of some companies occasionally complain about the huge cash reserves the companies accumulate. And, sometimes (Wal-Mart in 2007, Apple in 2013) firms indeed satisfy investor concerns and announce plans to distribute substantial portions ..

  Expected return on the market-risk-free rate of return

The stock of Big Joe's has a beta of 1.66 and an expected return of 13.40 percent. The risk-free rate of return is 5.9 percent. What is the expected return on the market?

  The standard deviation on small company stocks

The standard deviation on small company stocks:

  Compute the cost of equity financing

This assignment shows how to Compute the cost of equity financing and aslo Compute the Weighted Average Cost of Capital.

  Current debt-equity ratio-risk level of project

Kelly's uses the firm's WACC as the required return for some of its projects. For other projects, the firms uses a rate equal to WACC plus 1 percent, while another set of projects is assigned rates equal to WACC minus some amount. Which one of the fo..

  Find the yield to maturity

A bond has a $1,000 par value, 20 years to maturity, a 6.5% semi-annual coupon, and sells for $1,037.25. Find the yield to maturity. Find the current yield.

  Explain bankruptcy and its equity holders will be wiped out

Suppose the funds to purchase or lease the plane will come from equity holders (for ex-ample, by reducing the amount of Western's current dividend). Western also has one-year debt outstanding, and there is a 10% (risk-neutral) probability that ove..

  Understand the sources of finance available to a business

Explain the type of business organisation and it's ownership This should include : The business's name, the form of business organisation, (Partnership, Sole trader or limited company)

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