business db
Question Description
Please carefully read the following directions.
You are required to answer all of the questions below.
Restate and number the questions. Each question should have at least 5 meaningful sentences that are professionally written.
Based on Ch 16
1. Read the Chapter and the Rule of 72 and explain how long it will take you to double your money with an interest rate of 6 percent.
2. Based on Covid 19, a lot of jobs have been impacted devastating small businesses, yet many new opportunities are emerging, list some business ideas.
3. Read the following link
https://www.nerdwallet.com/blog/investing/what-are…
Answer the following questions:
Do Not Copy this you will get zero points, please put it in your own words
4. What are stocks? How do they work? and Why should you own them?
Based on Ch 17
5a. Read the following Article on Compounding:
https://www.fool.com/the-ascent/buying-stocks/arti…
5b. Define Compounding
5c. According to the article, if you are age 20 now and invested $100/month by age 65
How much would you have contributed ?
5d. How much would you have grown and in total earned you with compounding interest by age 65?
Read the following article:
https://www.investopedia.com/terms/m/mutualfund.as…
6. In your words, summarize what a mutual fund is?
6b. What is an average interest rate you can get from a typical mutual fund?
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