Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the rule of 72 , what per annum interest rate must Oprah earn on her savings of $50 million to double these savings

image text in transcribed
Based on the rule of 72 , what per annum interest rate must Oprah earn on her savings of $50 million to double these savings in 9 years? (Round to 100 th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%

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

International Finance For Non Financial Managers

Authors: Dora Hancock

1st Edition

0749480017, 9780749480011

More Books

Students also viewed these Finance questions

Question

Identify possible reasons for ineffective performance.

Answered: 1 week ago

Question

Describe the components of a needs assessment.

Answered: 1 week ago

Question

Describe the benefits of employee orientation.

Answered: 1 week ago