Sign In
Ask Question
Business
Meaghan
12 June, 16:46
Explain the rule of 72
+1
Answers (
1
)
Crystal Ramirez
12 June, 19:20
0
The 'Rule of 72 ' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question ✅
“Explain the rule of 72 ...”
in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Carson Company purchased a piece of factory machinery for an assembly line for $560,000. The estimated salvage value is $28,000, and the estimated output (usage) is 10,000 hours over the life of the asset.
Answers (1)
True or False : A population refers to the entirety of a group.
Answers (2)
Which of the following takes routine, transaction-based activities that are dispersed throughout the organization and consolidates them in one place? a. consolidation centers b. outsourcing centers c. human resource centers d. shared service centers
Answers (2)
Wesley Electronics Inc. is a company that manufactures electronic gadgets. The marketing team of the company spends a great deal of money on advertising in order to create awareness about the company's products among potential customers.
Answers (1)
Tobacco production is one of the more heavily subsidized industries in the United States. Suppose that as a result of intense lobbying from health-related concerns, Congress repeals the tobacco firms subsidies.
Answers (1)
New Questions in Business
Total liabilities and total assets for a company amount to $100,000 and $250,000, respectively. Revenue for the year totaled $300,000. What is the owner's total equity? a. $250,000 b. $150,000 c. $400,000 d. $650,000
Answers (1)
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 99,000 shares of $14 par common stock. 8,000 shares of $80 par, 4 percent, noncumulative preferred stock.
Answers (1)
Consumption, investment, and government spending and tax revenues are given by the following information: C = 100 + 0.
Answers (1)
Prior to liquidating their partnership, Pepper and Russo had capital accounts of $30,000 and $119,000, respectively. The partnership assets were sold for $55,000. The partnership had no liabilities. Pepper and Russo share income and losses equally.
Answers (1)
Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H.
Answers (1)
Home
»
Business
» Explain the rule of 72
Sign In
Sign Up
Forgot Password?