If an Investment Doubles in Nine Years, How Long Will

question 237

Essay

If an investment doubles in nine years, how long will it take to quadruple (at the same rate of return)? (This problem does not require any detailed calculations.)

---

Definitions:

Intra-Entity Asset Transfers

Transactions involving the transfer of assets between divisions or departments within the same entity, often for internal record-keeping and consolidation purposes.

Net Income

The net income a company earns once all costs and taxes are subtracted from its total revenues.

Consolidated Gain

The total profit achieved by a group of consolidated entities or a parent company and its subsidiaries, usually reported in consolidated financial statements.

Equipment

Machinery, tools, or other items that are necessary for the production of goods or services.