8. Matt Wayne has $20,000 to invest and would like to double his money for the purchase of a new truck. Under current market conditions, and given his level of risk tolerance he can only earn 5 percent on his investment. Approximately how long will it take him to get his $40,000?

It will take 14 years and 77 days to double the money.

Explanation:

Giving the following information:

Matt Wayne has $20,000 to invest and would like to double his money for the purchase of a new truck. The interest rate is 5 percent.

We need to find the number of years to achieve $40,000. We will use the following variation of the final value formula:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(40,000/20,000)]/ ln(1.05)= 14.21 years

To be more accurate:

0.21*365= 77

It will take 14 years and 77 days to double the money.

prokaryotic cells do not contain a nucleus or any other membrane-bound organelle. eukaryotic cells contain membrane-bound organelles, including a nucleus. so i belive the answer is a : p hope it

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!