Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. As per the rule of 72, the time to double your money (TDM) approximately equals: (a) 72/ n. (b) 72/ i. (c) 72/Initial investment
3.
As per the rule of 72, the time to double your money (TDM) approximately equals:
(a) | 72/n. | |
(b) | 72/i. | |
(c) | 72/Initial investment. | |
(d) | 72/Future value. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started