The rule of 72s states that the number of years for an, Business Economics

+44 141 628 6080
[email protected]

The rule of 72s states that the number of years for an

The rule of 72's states that the number of years for an investment to double is approximately 72 divided by the interest rate percentage. For example, about 12 years are required for an investment to double at 6% interest (12 years = 72/6). Find the exact rate required to double an investment in 6, 8, 9, 12, 18, and 24 years, and compare this with the approximate rule of 72's rate.

Request for Solution File

Ask an Expert for Answer!!

Business Economics: The rule of 72s states that the number of years for an

Reference No:- TGS02602213

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : What is the effective interest rate if the nominal interest

many mortgages are computed using a 360-day year and all months are assumed to have 30 days interest is computed as

Q : A newspaper is considering buying locked vending machines

question a newspaper is considering buying locked vending machines to replace open newspaper racks in the downtown area

Q : Describe a contemporary scientific technical or social

write a 5ndash7-paragraph an executive summary for organizational leadership regarding a contemporary scientific

Q : At what nominal interest rate will money double in 6 years

at what nominal interest rate will money double in 6 years if interest is compounded quarterly what is the effective

Q : The rule of 72s states that the number of years for an

the rule of 72s states that the number of years for an investment to double is approximately 72 divided by the interest

Q : Rocky has a full-time job as an electrical engineer for the

question - rocky has a full-time job as an electrical engineer for the city utility in his spare time rocky repairs tv

Q : Apply hypotheses to genuine circumstances utilizing your

submit a 10-14 page research paperat least 2750 words not including cover abstract and reference pages discussing or

Q : Which ways of knowing have played primarily into your

dq nursings ways of knowingfrom the perspective of your practice change interest see attached document on- poor

Q : How does the term leading with influence apply to coca cola

1 how does the term leading with influence apply to coca cola2 how does coca cola organize and delegate work3 what are

1951944

Questions
Asked

3,689

Active Tutors

1453685

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported