Question

Double your wealth. Kant Miss Company is promising its investors that it will double their money...

Double your wealth. Kant Miss Company is promising its investors that it will double their money every 5 years. What annual rate is Kant Miss​ promising? Is this investment a good​ deal? If you invest ​$250 now and Kant Miss is able to deliver on its​ promise, how long will it take your investment to reach $25,000​? Using the Rule of​ 72, what annual rate is Kant Miss​ promising?

Homework Answers

Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Double your wealth. Kant Miss Company is promising its investors that it will double their money...
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 4 years. What annual rate is Kant Miss​ promising? Is this investment a good​ deal? If you invest ​$250 now and Kant Miss is able to deliver on its​ promise, how long will it take your investment to reach ​$28, 000​? Using the Rule of​ 72, what annual rate is Kant Miss​ promising? ?% ​(Round to the nearest whole​ percentage.)
Double your wealth. Kant Miss Company is promising its investors that it will double their money...
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 5 years. What annual rate is Kant Miss​ promising? Is this investment a good​ deal? If you invest ​$450 now and Kant Miss is able to deliver on its​ promise, how long will it take your investment to reach ​$26,000​? Using the Rule of​ 72, what annual rate is Kant Miss​ promising? nothing​% ​(Round to the nearest whole​ percentage.)
Double your wealth. Kant Miss Company is promising its investors that it will double their money...
Double your wealth. Kant Miss Company is promising its investors that it will double their money every 5 years. What annual rate is Kant Miss​ promising? Is this investment a good​ deal? If you invest ​$300 now and Kant Miss is able to deliver on its​ promise, how long will it take your investment to reach ​$34,000​? Part 1) Using the Rule of​ 72, what annual rate is Kant Miss​ promising? (Round to the nearest whole​ percentage.) Part 2) Using...
Kant Miss Company is promising its investors that it will double their money every 6 years....
Kant Miss Company is promising its investors that it will double their money every 6 years. What annual rate is Kant Miss​ promising? Is this investment a good​ deal? If you invest ​$200 now and Kant Miss is able to deliver on its​ promise, how long will it take your investment to reach ​$32,000​? Using the time value of money​ equation, what annual rate is Kant Miss​ promising?
Your investment advisor is promising to double your money in 8 years. Basically, he said that...
Your investment advisor is promising to double your money in 8 years. Basically, he said that for every $1 you invest with him, he can turn that into $2 eight years later. What is the rate of return on this investment?
Kramerica Industries, Inc. wants to invest $140,000 of extra money received from overseas sales of its...
Kramerica Industries, Inc. wants to invest $140,000 of extra money received from overseas sales of its old assets. How much money will it have at the end of 10 years if the investment fund it chooses guarantees the yearly return rate of 20% compounded annually? Vandalay Industries, Inc. anticipates big growth in business and has to start planning its future expansion. The company will need $220,000 in 8 years to purchase space for the new factory in another state. How...
Time Value of Money 1. En. Ahmad invested Rm50,000 in a mutual fund 5 years ago....
Time Value of Money 1. En. Ahmad invested Rm50,000 in a mutual fund 5 years ago. The fund provided compounded rate of return of 7% p.a over the last 5 years. What is the value of En. Ahmad’s investment now? 2. Johnny has a child whose education plan requires RM500,000 to finance the completion of his tertiary education 10 years from today. Johnny has set aside RM200,000 for this purpose. He wants to know what investment rate of return is...
Time Value of Money and Bonds Valuation As Laura’s new year resolution, she wants to begin...
Time Value of Money and Bonds Valuation As Laura’s new year resolution, she wants to begin saving money for her retirement. You are hired as her financial advisor. Following your suggestion, today Laura will deposit $100,000, which she inherited from her parents, into a 5-year savings account at Citi bank, which pays 3.25% interest annually. Use the above information to answer the following questions. When answering your question, make sure to include the calculation steps or formula. (Assume END mode)...
CASE: Sharesies: NZ investment platform Everyday investment company Sharesies was launched in February 2017, after conducting...
CASE: Sharesies: NZ investment platform Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes towards investing. Prior to launching the company, the co-founders interviewed over 200 people asking them “If I gave you $50 right now, and you had to do something with it in the next 5 minutes what would you do?” Only 5 out of 200 people chose an option to save or invest the $50. More popular options were bills,...
1. You want to take a vacation in 4 years and feel you’ll need $8,500 to...
1. You want to take a vacation in 4 years and feel you’ll need $8,500 to do so. If you can earn 5% on your deposits, how much will you need to deposit in each of the next four years to have the needed amount? PMT = 1972.10058   2. What is the effective annual rate on a credit card that states that their APR is 21%, compounded monthly? 23.144% 3. What is the present value of $1,000 to be received...