Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What does this mean This helpful investment rule - of - thumb tells you approximately how many years it takes for a sum of money

What does this mean
This helpful investment rule-of-thumb tells you approximately how many
years it takes for a sum of money to double in size.
Rule of annuity doubling
Rule of 100
Rule of 72
Rule of compound interest
Rule of future value

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

Multinational financial management

Authors: Alan c. Shapiro

10th edition

9781118801161, 1118572386, 1118801164, 978-1118572382

More Books

Students also viewed these Finance questions

Question

Which kind of lens is used to make a magnifying glass?

Answered: 1 week ago