Math Using the Rule of 72, compute how long it would take to double your money at
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Math Using the Rule of 72, compute how long it would take to double your money at the following annual rates of return:
(a) 1 percent,
(b) 3 percent,
(c) 5 percent,
(d) 7 percent,
(e) 9 percent,
(f) 11 percent, and (g) 13 percent. Assuming the inflation rate is 5.5 percent in a given year, how do these rates of return meet your needs?
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Related Book For
Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan
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