Essay
Using the rule of 72, determine the approximate time it will take $1,000 to double given the following interest rates.
a) 5.5%
b) 10.0%
c) 30.0%
d) 2.0%
e) 4.5%
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Correct Answer:
Verified
Since the rule of 72 says if we take 72/...
View Answer
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