Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the rule of 72, approximately how many years does it take to quadrouple a $841 investment when interest rates are 8.1 percent per year?

Using the rule of 72, approximately how many years does it take to quadrouple a $841 investment when interest rates are 8.1 percent per year? (round to 1 decimal)

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

The Little Book Of Market Wizards Lessons From The Greatest Traders

Authors: Jack D. Schwager

1st Edition

1118858697, 978-1118858691

More Books

Students also viewed these Finance questions

Question

What is Selenium? What are the advantages of Selenium?

Answered: 1 week ago

Question

Explain the various collection policies in receivables management.

Answered: 1 week ago

Question

What are the main objectives of Inventory ?

Answered: 1 week ago