Answered: At an interest rate of 10 percent and…

At an interest rate of 10 percent and using the Rule of 72, how long will it take to double the value of a lump sum invested today?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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At an interest rate of 10 percent and using the Rule of 72, how long will it take to double the value of a lump sum invested today?
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