Kant Miss Company is promising its investors that it will double their money every 5 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $500 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $30,000

Using the Rule of 72, what annual rate is Kant Miss promising?

Using the Rule of 72, what annual rate is Kant Miss promising?

- If you invested $500 now and Kant Miss was able to deliver on its promise, how long would it take before your investment reaches $30,000?