You have $X to invest. A certain investment will double your money in Y years. If the interest rate remains constant, how much will your investment be worth in Z years? X= The value in Z years is: Y= Z= 3,500 $ 7 years 12 years The interest rate (to two decimals) for this investment is: Try Again Try Again (Don't use rounded interest rate for this calc.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1 You have $X to invest. A certain investment will double your money in Y years.
If the interest rate remains constant, how much will your investment be worth in Z years?
X=
Y=
Z=
The value in Z years is:
3,500 $
7 years
12 years
The interest rate (to two decimals) for this investment is:
Try Again
Try Again (Don't use rounded interest rate for this calc.)
Transcribed Image Text:1 You have $X to invest. A certain investment will double your money in Y years. If the interest rate remains constant, how much will your investment be worth in Z years? X= Y= Z= The value in Z years is: 3,500 $ 7 years 12 years The interest rate (to two decimals) for this investment is: Try Again Try Again (Don't use rounded interest rate for this calc.)
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