Register
A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?
365,214 views
27 votes
27 votes
A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?

User Kirinriki
by
2.8k points

2 Answers

16 votes
16 votes

Answer:Its not 12

Explanation: it was wrong

User Kasparas Anusauskas
by
2.9k points
8 votes
8 votes

Answer: 18 years

Step-by-step explanation:

User Jonathan Swartz
by
3.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
In January of the current year, Dora made a gift of stock to her granddaughter. At the time of the gift, the stock was worth $15,000. Several months later in the same year after the gift, a $500 dividend
Link Copied!