Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

both questions plz Using the Rule of 72, approximate the following amounts. a. If the value of land in an area is increasing 11 percent

both questions plz
image text in transcribed
Using the Rule of 72, approximate the following amounts. a. If the value of land in an area is increasing 11 percent a year, how long will it take for property values to double? (Round your answer to 1 decimal place:) Time period years b. If you earn 6.5 percent on your investments, how long will it take for your money to double? (Round your answer to 1 decimal place.) Time period

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

Financial Valuation

Authors: James R. Hitchner

4th Edition

1119286603, 978-1119286608

More Books

Students also viewed these Finance questions

Question

Can you say what youve learned about how to handle group confl ict?

Answered: 1 week ago