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The Rule of 70 is a variation on the Rule of 72. It works in the same way , but uses 70 instead of 72.
The Rule of 70 is a variation on the Rule of 72. It works in the same way , but uses 70 instead of 72. Use the Rule of 72 to approximate the interest rate needed to double your money in 4 years. Do the same thing using the Rule of 70. Then , find the future value of $1,000 in 4 years using each approximation (assume daily compounding)
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