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Using the rule of 72, calculate how quickly $10,000 will double to $20,000 at interest rates of 2 percent, 5 percent, 6 percent, 8 percent, and 11 percent. Round your answers to one decimal place. Interest rate, % Period (years) 2 5 6 8 11

Using the rule of 72, calculate how quickly $10,000 will double to $20,000 at interest rates of 2 percent, 5 percent, 6 percent, 8 percent, and 11 percent. Round your answers to one decimal place. Interest rate, % Period (years) 2 5 6 8 11

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Using the rule of 72, calculate how quickly $10,000 will double to $20,000 at interest rates of 2 percent, 5 percent, 6 percent, 8 percent, and 11 percent. Round your answers to one decimal place.

 

Interest rate, % Period (years)
2  
5  
6  
8  
11  
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