# tanner has invested $500 for college

July 25, 2022# tanner has invested $500 for college

Directions: Use the “Rule of 72” to answer the following questions.

Bryce invested $30,000 in his employee retirement account when he was 23 years old. He is now 65 years old and ready to retire. If the account earned an average of 4%, how many times did it double? What is the value at age 65?

Doubles about twice Value is around $69,900 (multiply 2 x $30,000)

How long will it take for the following investments to double? Answers are rounded to two decimal places. Investment interest rate years in Double Money Market mutual fund 3% 23Small company shares 12% 5.3 years Certificate of deposit 2% 25.5 years Certificate of deposit 5% 14. Large company shares 11% 6. Treasury bond 5 % 13. Treasury bills 3% 18. Money market account for 2% 27. Savings account for 2% 31. Jenny has a balance of $3,000 on her credit card with an interest rate of 18%. If she doesn’t make any payments on her card and no late fees have been charged, how long will it take for her debt to double? ( point)

© Take Charge Today – March 2014 – Rule 72 Funded by a grant from taking Charge America, Inc. for the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

Total points earned

Total possible points

Percent

4 years

## What if Jenny’s APR was 22% and she didn’t make any payments on her card and there were no late fees?

3 years

Tanner is a freshman in high school and bought a $500 certificate of deposit for college. What interest rate must Tanner earn to double his investment in 4 years? Could Tanner realistically expect to earn that interest rate on a CD?

18%

**Also Read:- bitcoin-miner-script**

**Also Follow:- Finance Article **

## Kari would like to put a down payment on the house. He currently has $7,000. What interest rate must Kari receive in order for her investment to double in 7 years?

10%

When Jackie was born, her parents invested $3,000 in common stock earning 6%. How many times will Jackie’s investment double before age 36? What will her investment be? What would Jackie’s investment be worth if her parents waited until she was 7 years old to invest?

Doubles 3 times $9,000 her investment pays off If her parents wait until she is 7, her investment will be worth $7,260 (29 years/12=2)

Approximately how many times will a $50,000 investment at 5% interest double from age 25 to age 62? What will the investment be?

2 times which will be worth $141,

© Take Charge Today – March 2014 – Rule 72 Funded by a grant from Take Charge America, Inc. for the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

Total points earned

Total possible points

Percent

4 years

### What if Jenny’s APR was 22% and she didn’t make any payments on her card and there were no late fees?

3 years

**Tanner is a freshman in high school and bought a $500 certificate of deposit for college. What interest rate must Tanner earn to double his investment in 4 years? Could Tanner realistically expect to earn that interest rate on a CD?**

18%

Kari would like to put a down payment on the house. He currently has $7,000. What interest rate must Kari receive in order for her investment to double in 7 years?

10%

When Jackie was born, her parents invested $3,000 in common stock earning 6%. How many times will Jackie’s investment double before age 36? What will her investment be? What would Jackie’s investment be worth if her parents waited until she was 7 years old to invest?

Doubles 3 times $9,000 her investment pays off If her parents wait until she is 7, her investment will be worth $7,260 (29 years/12=2)

### Approximately how many times will a $50,000 investment at 5% interest double from age 25 to age 62? What will the investment be?

2 times which will be worth $141,

© Take Charge Today – March 2014 – Rule 72 Funded by a grant from Take Charge America, Inc. for the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

Two years after arriving in the US, Obed Gyedu Larbi took the next step in his pursuit of the American dream and enrolled at a local community college.

He had no family or friendship experiences to help prepare him as all his loved ones remained in his native country of Ghana. He had no real expectations about the kind of workload or how to navigate the bureaucracy of higher education. And He didn’t even have reliable transportation to get him between home, work, and school.

Looking back on that time in 2017, Larbi told BestColleges he’s not sure how he would have made it without his school’s special program for college retention and completion.

He was enrolled at Bronx Community College, a school in the City University of New York (CUNY) system that pioneered one of the nation’s leading student retention programs. His 15-year-old Accelerated Study in Associate Programs (ASAP) helped inspire a growing movement across higher education in America to help students complete their degrees.

While enrollment growth has been a focus for most of higher education’s history, Third Way Education Policy Advisor Michelle Dimino told BestColleges that more and more colleges are now prioritizing making sure the students they enroll actually graduate on time.

“For a long time, we’ve really focused on improving access to college,” she said. “We’re at a point where we’ve done a really good job of increasing access. Now is an important time to make sure [students] come through.”

#### Photo courtesy of Obed Gyeda Larbi

Students like Larbi can now reap the rewards of an increased focus on college completion.

He earned an associate degree in accounting from Bronx Community College and was accepted to Yale University, where he is studying political science. He credits the CUNY ASAP Advising Network for making his leap forward possible.

“The fact that you have an advisor that’s specific to you, that makes sure you put all the things together was something I really appreciated,” Larbi said. “For someone to care about you like that… that was something that really interested me and helped me.

The data reveals a divide affecting students of color

At first glance, the data on college completion is encouraging. However, progress has not been universal, and a deeper dive into the data shows that marginalized students are not making the same gains.

The national six-year degree completion rate for the latest cohort of students rose to 62.2%, compared to 61% the previous year, according to data from the National Student Clearinghouse. Since the cohort began school in 2009, state completion rates have risen year by year.

Six-year completion rate by institution

Line graph with 5 lines.

Line graph showing completion rates by institution from 2006 to 2015

View as a data table, six-year completion rates by institution

The graph has 1 x axis showing the values. The data are from 2006

##### Conclusion

**tanner has invested $500 for college.** Directions: Use the “Rule of 72” to answer the following questions.

Bryce invested $30,000 in his employee retirement account when he was 23 years old. He is now 65 years old and ready to retire. If the account earned an average of 4%, how many times did it double? What is the value at age 65?

Doubles about twice Value is around $69,900 (multiply 2 x $30,000).

So in this article we covered about **tanner has invested $500 for college.**

**Also Read:-**

**find-out-where-the-amazon-package-came-from**

**tanner has invested $500 for college**