Double your wealth. Kant Miss Company is promising its investorsthat it will double their money every 3
years. What annual rate is Kant Miss​ promising? Is thisinvestment a good​ deal? If you invest ​$300
now and Kant Miss is able to deliver on its​ promise, how longwill it take your investment to reach
​$34,000​?
Using the Rule of​ 72, what annual rate is Kant Miss​promising?
24​% ​(Round to the nearest whole​ percentage.)
Using the time value of money​ equation, what annual rate isKant Miss​ promising?
​(Round to two decimal​ places.)
Is this a good investment?
How long will it take to reach the goal of $34,000?
