Practice Assignment 2.A Questions 1 and 2: Some types of investments-such as Certificates of Deposit-earn interest based on a percentage rate. People often estimate the doubling time of investments to predict how much money the investment will be worth in the future. An investment that earns 4% interest will double in value about every 18 years. 1) Use the information above to complete the missing values in the table below for $2,500 invested at 4% interest. Value of Year Investment 2020 $2,500 $5,000 $10,000 2074 2) Which of the following is the best estimate for the amount of time it would take the investment to reach $100,000? a) Less than 75 years Between 75 and 90 years Between 90 and 105 years d) More than 105 years
Practice Assignment 2.A Questions 1 and 2: Some types of investments-such as Certificates of Deposit-earn interest based on a percentage rate. People often estimate the doubling time of investments to predict how much money the investment will be worth in the future. An investment that earns 4% interest will double in value about every 18 years. 1) Use the information above to complete the missing values in the table below for $2,500 invested at 4% interest. Value of Year Investment 2020 $2,500 $5,000 $10,000 2074 2) Which of the following is the best estimate for the amount of time it would take the investment to reach $100,000? a) Less than 75 years Between 75 and 90 years Between 90 and 105 years d) More than 105 years
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%
Use the information above to complete the missing values in the table below $2,500 invested 4% interest.
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Practice Assignment 2.A
Questions 1 and 2: Some types of investments-such as Certificates of
Deposit-earn interest based on a percentage rate. People often estimate
the doubling time of investments to predict how much money the
investment will be worth in the future. An investment that earns 4% interest
will double in value about every 18 years.
1) Use the information above to complete the missing values in the table
below for $2,500 invested at 4% interest.
Value of
Year
Investment
2020
$2,500
$5,000
$10,000
2074
2) Which of the following is the best estimate for the amount of time it
would take the investment to reach $100.000?
a) Less than 75 years
b) Between 75 and 90 years
Between 90 and 105 years
d)
More than 105 years
A certain investment had a doubling ime of 16 years. If the price of the
investmert wa
3)
in 2015. when was the price $120?
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