Essay
The television commercial pitchman tells you he can double your money with a risk-free investment in just 10 years.If this is true,what interest rate must this risk-free investment earn on an annual basis? Solve this question using the Rule of 72 and then in a more exact fashion using a formula,your calculator,or computer.In today's rate environment,is the interest rate that you solved for a realistic annual rate of return for a risk-free investment?
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