Multiple Choice
At an interest rate of 10% it will take approximately how many years to double your investment?
A) Less than five years
B) Between 7 and 8 years
C) Between 9 and 10 years
D) More than 10 years
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q28: You have just put $500 in an
Q29: An ordinary annuity assumes _-of-period payments,while an
Q30: The future value of $5,000 invested today
Q31: A simple interest calculation assumes you reinvest
Q32: Making goals concrete begins by determining their
Q34: John cashed in an annuity contract and
Q35: You invest $100 today in a two-year
Q36: You expect a 3% rate of inflation
Q37: A savings schedule with a zero ending
Q38: An annual required savings amount confirms our