1 how long will it take 10000 to reach 50000 if it earns 10, Ask an Expert

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1. How long will it take $10,000 to reach $50,000 if it earns 10% interest compounded semi-annually?

a) 17 years

b) 33 years

c) 26 years

d) 8.5 years

2. The discount rate can best be described as;

a) present value interest factor

b) the rate applied to future value cash flows

c) prime rate of interest

d) real rate of interest

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92167154

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