Using the Rule of 72, approximately how many years are needed to double a $100 investment...

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Using the Rule of 72, approximately how many years are needed to double a $100 investment...

Using the Rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 7.50 percent per year? (Round your answer to 2 decimal places.)

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Answer 1

Answer #1

are - No.of Years = 72/Interest Rate 72/7.5 L 9.60! Years

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