Type the number
Exercise and reference answers
- Questions
- Answer
- 1040
- Question
- Balance after one year on 1,000 at 4 percent
- Answer
- 8
- Question
- Years to double at 9 percent under the rule of 72
- Answer
- 12
- Question
- Years to double at 6 percent under that rule
- Answer
- 6
- Question
- Years to double at 12 percent under that rule
- Answer
- 315
- Question
- Balance after one year on 300 at 5 percent
- Answer
- 72
- Question
- The number the doubling rule divides by the rate
- Instructions
- Type the number only.
Explanation
_Source: OpenStax Principles of Finance 2e, Chapter 7, Time Value of Money I._