Time for a lump sum to double at 6% Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Question

TIME FOR A LUMP SUM TO DOUBLE How long will it take $200 to double if it earns the following rates? Compounding occurs once a year. a. 7% b. 10% c. 18% d. 100%

Answer 1

Question

Chapter 5, Problem 13P

(a)

Summary Introduction

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(b)

Summary Introduction

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(c)

Summary Introduction

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(d)

Summary Introduction

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

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TIME FOR A LUMP SUM TO DOUBLE How long will it take $200 to double if it earns the following rates? Compounding occurs once a year. a. 7% b. 10% c. 18% d. 100%

How long will it take $200 to double if it earns the following rates? Compounding occurs once a year. A. 18% B. 100%

How long will it take $400 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. A. 5% B. 11% C. 20% D. 100%

Answer 2

Question

Chapter 5, Problem 13P

(a)

Summary Introduction

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(b)

Summary Introduction

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(c)

Summary Introduction

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(d)

Summary Introduction

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

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Answer 3

Question

Chapter 5, Problem 13P

(a)

Summary Introduction

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(b)

Summary Introduction

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(c)

Summary Introduction

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(d)

Summary Introduction

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

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Answer 4

Question

Chapter 5, Problem 13P

(a)

Summary Introduction

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(b)

Summary Introduction

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(c)

Summary Introduction

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(d)

Summary Introduction

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

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Answer 5

Chapter 5, Problem 13P

(a)

Summary Introduction

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(b)

Summary Introduction

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(c)

Summary Introduction

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

(d)

Summary Introduction

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 6

Chapter 5, Problem 13P

(a)

Summary Introduction

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 7

Chapter 5, Problem 13P

(a)

Summary Introduction

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 8

(b)

Summary Introduction

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 9

(b)

Summary Introduction

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 10

(c)

Summary Introduction

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 11

(c)

Summary Introduction

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 12

(d)

Summary Introduction

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 13

(d)

Summary Introduction

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Answer 14

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Answer 25

Ch. 5 - Prob. 1Q Ch. 5 - Explain whether the following statement is true or...Ch. 5 - If a firms earnings per share grew from 1 to 2...Ch. 5 - Would you rather have a savings account that pays...Ch. 5 - Prob. 5Q Ch. 5 - Prob. 6Q Ch. 5 - Banks and other lenders are required to disclose a...Ch. 5 - Prob. 8Q Ch. 5 - Prob. 1P Ch. 5 - PRESENT VALUE What is the present value of a...

Time for a lump sum to double at 6% Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Solution Summary: The author calculates the time period for a lump sum to double at 6%.

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Chapter 5 Solutions

Time for a lump sum to double at 6% Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Solution Summary: The author calculates the time period for a lump sum to double at 6%.

To calculate: Time for a lump sum to double at 6% Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 13% Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 21% Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 100% Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

Chapter 5 Solutions

To calculate: Time for a lump sum to double at 6%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 13%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 21%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.

To calculate: Time for a lump sum to double at 100%

Lump Sum: Lump sum is a large amount of money paid on a single occasion instead of paying small amount time to time. The amount has been paid for the value of an asset or for other purposes such as on a retirement.