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Use the Rule of 72 to approximate how many years it will take money to double when growing at an interest rate of 2% per

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Use the Rule of 72 to approximate how many years it will take money to double when growing at an interest rate of 2% per year. If you deposit $6,000 in a 5 -year certificate of deposit earning 2.0% per year, how much will it be worth in five years? If you deposit $5,000 in a 5 -year certificate of deposit earning 2.2% with quarterly compounding, how much will it be worth in five years? Your

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