If you presently have $50,000 saved and earn 15 percent interest per year, about how many years will it take for your investment to triple?

a. 6
b. 8
c. 10
d. 12

b

Economics

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How will an interest rate decrease in the United States affect equilibrium in the foreign exchange market?

A) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded will increase. B) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded cannot be determined. C) The equilibrium exchange rate cannot be determined, and the equilibrium quantity of dollars traded will increase. D) The equilibrium exchange rate will decrease, and the equilibrium quantity of dollars traded cannot be determined.

Economics

Suppose that you could buy a one-year bond today, which has an interest rate of 3%. If you wait a year and buy a one-year bond then, the interest rate will be 4%. Two years from now, a one-year bond is expected to offer an interest rate of 5%

According to the expectations theory of the term structure of interest rates, what is the interest rate on a two-year bond today? What is the interest rate on a three-year bond today?

Economics