Multiple Choice
Rita puts $10,000 into each of two different assets.The first asset pays 10 percent interest and the second pays 5 percent.According to the rule of 70,what is the approximate difference in the value of the two assets after 14 years?
A) $12,000
B) $14,000
C) $15,500
D) $20,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q62: Black Oil Company considered building a service
Q63: According to the rule of 70,if a
Q64: Suppose Emilio offers you $500 today or
Q65: Marcia has four savings accounts.Which account has
Q66: Assuming the interest rate is 5 percent,which
Q68: Twenty years ago,Dr.Montgomery borrowed money from her
Q69: What is the present value of a
Q70: The price of a bond is equal
Q71: Which of the following is the correct
Q72: You are expecting to receive $750 at