How long will it take an investment to double in value if the interest rate is 8% compounded continuously? (round your answer to two decimal places.) 8.66 correct: your answer is correct. yr (b) what is the equivalent annual interest rate? (round your answer to two decimal places.) 3.53 incorrect: your answer is incorrect. %

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

Which are the best examples of costs that should be considered when creating a project budget?

You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank