Practice with the rule of 70: If you inherit $20,000 this year and you invest your money so that it grows 3.5% per year, how many years will it take for your investment to be worth $80,000? $160,000? $320,000?

Practice with the rule of 70: If you inherit $20,000 this year and you invest your money so that it grows 3.5% per year, how many years will it take for your investment to be worth $80,000? $160,000? $320,000?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Practice with the rule of 70: If you inherit $20,000 this year and you invest your money so that it grows 3.5% per year, how many years will it take for your investment to be worth $80,000? $160,000? $320,000?

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