Question
Janet deposits $15,000 in an account that earns 7% interest per year compounded annually. Use the rule of 70 or the rule of 72 to
Janet deposits $15,000 in an account that earns 7% interest per year compounded annually.
Use the rule of 70 or the rule of 72 to estimate how many years it will take her deposit to double.
It will take Question Blank 1 of 2 years.
Use the compound growth formula to calculate exactly how long it will take her deposit to double.
It will take Question Blank 2 of 2 years.
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
