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please explan the question by word not just calculation Explain what the Rule of 72 is. How can we use this when investing? Hint: assume

please explan the question by word not just calculation

Explain what the Rule of 72 is. How can we use this when investing? Hint: assume U.S. long term average annual return on stocks is approx. 10%, and on long term bonds 5%. How long will it take to double your money in Stocks? Bonds? A 50/50 mix of both? What is the mathematically correct version of the Rule of 72? Why the difference?

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