Below is an example of a problem in which the information you need is implied, but not directly stated. If you will have "double your money", how much more money will you have in the future. Well if you have a $1 today you will have $2 in the future or $7 today is $14 in the future, it doesn't matter what values we choose because the solution to the number of periods or interest rate would be the same. You are currently investing your money in an investment that has a nominal annual rate of 14 percent. How many years will it take for you to double your money?

The partnership of douglas, ryan, and ellen has dissolved and is in the process of liquidation. on july 1, 2016, just before the second cash distribution, the assets and equities of the partnership along with profit and loss sharing ratios were as follows: cash $30,000receivable - net $20,000inventories $25,000equipment - net $30,000total assets $80,000liabilities $12,000douglas, capital (20%) $28,000ryan, capital (50%) $24,000ellen, capital (30%) $16,000total liab./equity $80,000assume that the available cash is distributed immediately, except for a $2,000 contingency fund that is withheld pending complete liquidation of the partnership. how much cash should be paid to each of the partners? a. $3,200 douglas, $8,000 ryan, $4,800 ellenb. $5,600 douglas, $14,000 ryan, $8,400 ellenc. $16,000 douglas, $0 ryan, $0 ellend. $8,000 douglas, $0 ryan, $8,000 ellen