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Need to find out the FV annuity? Time Value of Money Rule of 72 reveals number of years it takes for the principle to double.
Need to find out the FV annuity?
Time Value of Money Rule of 72 reveals number of years it takes for the principle to double. $1000 invested at 8% would double to $2000 in 9 years (72/8) $2000 to $4000 in 9 more years $4000 to $8000 in 9 years without ever having to invest another $1 Step by Step Solution
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