Starting to invest earlier for retirement decreases the benefits of compound interest.

Rule 72 assumes an interest rate around 10.4% and says that money should double every 7 years.

Your bank account pays a 12% nominal rate of interest.  The interest is compounded monthly.  Which of the following statements is CORRECT?

A security is currently selling for $10,000 and promises to pay $1,500 annually for the next 10 years, and $1,000 annually in the 2 years thereafter with all payments occurring at the end of each year. If your required rate of return is 7%, should you buy this security?

You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive $25,000 at the end of each year for 30 years after you retire. (So you will receive your first payment in 21 years). You know that you will earn 10% (compounded annually) for the rest of your life. You want to make 20 end-of year deposits into your retirement account that will fund the 30-year stream of $25,000 annual annuity payments. How large do your annual deposits have to be?

Starting to invest later for retirement increases the benefits of compound interest.

What’s the present value of a perpetuity that pays $600 per year if the appropriate interest rate is 10%?

Which of the following methodologies requires a double stranded PCR product to be denatured and renatured with or without added normal product?

Examination of chromosomes in karyotypes is performed on chromosomes in what stage of mitosis?

What is a heteroduplex?