Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 5.25 percent per year? (Round

image text in transcribed

Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 5.25 percent per year? (Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Trade In Stocks

Authors: Jesse Livermore

1st Edition

0071469796, 9780071469791

More Books

Students also viewed these Finance questions

Question

What are the projects stated objectives used in risk management?

Answered: 1 week ago