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
B
Business
You might also like to view...
Left Hand, Inc has fixed costs of $400,000
Total costs, both fixed and variable, are $550,000 when 40,000 units are produced. Calculate the total costs if the volume increases to 64,000 units. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $950,000 B) $150,000 C) $640,000 D) $550,000
Business
Which term refers to the risk that interest income will decrease as maturing assets are replaced with new, more current assets?
A. Credit risk. B. Refinancing risk. C. Reinvestment risk. D. Liquidity risk. E. Sovereign risk.
Business