How long will it take to double value of lump sum invested
What is the present value of $150,000 to be received 8 years from today if the discount rate is 11 percent. At an interest rate of 10 percent and using the Rule of 72, how long will it take to double the value of a lump sum invested today?
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What is the present value of $38,000 to be received in 8 years if interest rates are 10.1% and interest is compounded 3 times per year? Show work.
At an interest rate of 10 percent and using the Rule of 72, how long will it take to double the value of a lump sum invested today?
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How many payments is that? If money earns 6%(12) how much cash would Bob need today to cover all those payments?
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