Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on a balance of $ 2 1 3 , 3 8 0 . 0 0 , using the rule of 7 2 , how

Based on a balance of $213,380.00, using the rule of 72, how long will it take for the balance
to reach $853,520.00 at a rate of 2.00%.
(a)72.00 years
(b)7200.00 years
(c)36.00 years
(d)3600.00 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Nasdaq And Us30 Ultimate Day Trading Strategy

Authors: James Jecool King

1st Edition

979-8367719499

More Books

Students also viewed these Finance questions

Question

7. Continue their professional development

Answered: 1 week ago