Use the Rule of 72 to approximate when an investor can multiply his initial investment 75-fold,...
Use the Rule of 72 to approximate when an investor can multiply his initial investment 75-fold, if the interest rate is 15 ½ %.
Homework Answers
Rule of 72 says: for investment to become n times it takes
=72*ln(n)/ln(2)*1/rate=72*LN(75)/LN(2)*1/15.5
=28.93386747 years
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Use the Rule of 72 to approximate when an investor can multiply
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Use the Rule of 72 to approximate when Carrie can multiply her initial financial investment 75-fold, if the interest rate is 15 72 %.
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