Multiple Choice
Approximately how long would it take to double my money if I invest it now at 18%?
A) 6 years
B) 4 years
C) 12 years
D) Cannot be determined
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q70: You wish to have $10,000 per year
Q71: The present value of an ordinary annuity
Q72: Assume you purchased a home and borrowed
Q73: John borrowed $20,000 to finance his college
Q74: Cosmos Touring wishes to replace its luxury
Q76: Finding the compound sum of $1,000 to
Q77: More frequent compounding results in _ future
Q78: Determine how much you would be willing
Q79: The future value of a single payment
Q80: You wish to save $500,000 in the