menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Entrepreneurial Finance Study Set 3
  4. Exam
    Exam 8: Time Value of Moneypart I: Future and Present Value of Lump Sums
  5. Question
    If Your Money Doubled in 8 Years, Then Your Annual
Solved

If Your Money Doubled in 8 Years, Then Your Annual

Question 44

Question 44

Multiple Choice

If your money doubled in 8 years, then your annual rate of interest is approximately


A) 7.2%.
B) 8%.
C) 9%.
D) 10%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: JT purchases 1,000 shares of stock at

Q40: Compound interest is the interest that is

Q41: If inflation averages 6 percent per year,

Q42: You have an absolutely brilliant child who

Q43: Using the rule of 72, how long

Q45: Fixed Principal Commercial Loans use the same

Q46: Another name for the effective rate is

Q47: A noted free agent running back just

Q48: If you purchase an automobile for $20,000

Q49: You have to make a balloon payment

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines