Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 6.75 percent per year?
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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.)
Submit y how many years are needed to double a $100 investment when interest rates are 6.75 percent per year? (Round your answer to 2 declmal
Approximately how many years are needed to double a $100 investment when interest rates are 5.00 percent per year? (Round your answer to 2 decimal places.)
Approximately how many years are needed to double a $100 investment when interest rates are 8.00 percent per year? (Round y answer to 2 decimal places.) eriod
Approximately how many years are needed to double a $500 investment when interest rates are 13.25 percent per year? (Round your answer to 2 decimal places.) Period years
3. Investment Horizons. How long does the Rule of 72 predict that it will take for $500 to double in value when the effective annual interest rate is 1 percent? Exactly how many years will it take for $500 to double in value when the effective annual interest rate is 1 percent?
The Rule of 72 Small differences in annual growth rates cumulate into large differences in GDP. Shown here are the number of years it would take to double GDP at various growth rates. Doubling times can be approximated by the rule of 72. Seventy-two divided by the growth rate equals the number of years it takes to double. Growth Rate Doubling Time (percent) (years) Never 144.0 72.0 48.0 36.0 20.6 20.6 18.0 16.0 14.4 13.1 12.0 11.1 China's output grew...
Question 2 (0.5 points) Use the Rule of 72 to approximate how many years it will take money to double when growing at an interest rate of 4% per year.
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day if the 7 years after depositing 100 20 How much would be in your wavings pays 5 percent interest per year? A) 5735.00 B) SI35.00 C) 140.71 D) 5814.20 2) A deposit or 5500 earns the following interest rates 5 percent in the first year Opercent in the second year, and percent in the third year. What would be the third year future Value A) 5527.14 B) 5595.00 C) S1595.00 D) 5601.02 20 What is the present...
Using the rule of 72 how soon will money double at the following interest rates (Answer all five) A) 8%----will double in years B) 12%----Will double in years C) 4%----will double in years D) 3%----will double in years E) 10%----will double in _years Using the rule of 72 what interest will I need to earn to get my money to double in (A) 6 years _interest required (B) 12 years interest required