CourseLover

(12)

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About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 286 Weeks Ago, 1 Day Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 15 Dec 2017 My Price 10.00

Calculate the unknown interest rate.

a)     Linkon invested $1000 in the business. After a period of 10 years the money was $2000 . Calculate the unknown interest rate. (3marks)

b)     b) Hayward, the Director of Zimbabwe Daily Board would like to retire in 50 years as a millionaire. If he has $10000 today, what rate of return does he need to achieve his goal?(4 marks)

c)     c) You have been saving to buy a house. The total cost will be $10 million. You currently have about $2.3 million. If you earn 5% on your money.

(i)how long will you have to wait until you are able to buy the house?(4 marks)

(ii) At 16% how long will you have to wait?(4 marks)

d)    You have been offered an investment that will double your money in 10 years. What     rate of return are you being offered?(4 marks)

e)     e) State at least six differences between shares and bonds(6)

Answers

CourseLover
(12)
Status NEW Posted 15 Dec 2017 04:12 PM My Price 10.00

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