Phil has $2,000, and he needs it to grow to $4,000 in 8 years. Assuming he does not add any more money to this fund, what rate of interest would he need to earn? (Round the rate of interest to the nearest whole number.)
A. 6%
B. 7%
C. 8%
D. 9%
E. 10%
Answer: D
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A) new and improved technology B) disintermediation C) industry convergence D) privatization E) heightened competition
Which of the following items are NOT reported as part of income from continuing operations?
A) discontinued operations B) gross profit C) other income and (expenses) D) gain on sale of equipment
Firms that are stuck in a production orientation mentality likely will have great difficulty competing successfully for customers.
Answer the following statement true (T) or false (F)
_______________ can be useful in guiding us to do the right thing when faced with a question that may not have an easy answer.
What will be an ideal response?