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
Henrique Correa's bakery prepares all its cakes between 4 A. M. and 6 A. M. so they will be fresh when customers arrive. Day-old cakes are virtually always sold, but at a 50% discount off the regular $10 price.
Answers (1)
Top Gear is an award-winning British television series about motor vehicles, mainly cars. It is presented by a set of hosts who test drive new cars and provide reviews on the cars' performance, their prices, and other factors.
Answers (1)
Place each of the folowing transactions in one of the four components of expenditures:a. Boeing sells an airplane to the Air Force. b. Boeing sells an airplane to the American Airlines. c. Boeing sells an airplane to the Air France. d.
Answers (1)
A 2-month European put option on a non-dividend paying stock is currently selling for $2. The stock price is $47, the strike price is $50, and the risk-free rate is 6% per year (with continuous compounding) for all maturities.
Answers (1)
Town A, in one hour, can produce either 4 hotdog buns, or 10 sausages. Town B, in one hour, can produce either 8 hotdog buns, or 6 sausages. There are 60 people in each town.
Answers (1)
New Questions in Business
Net worth is the difference between a firm's assets and its liabilities. a. True b. False
Answers (1)
Buyer Jim agreed to a 20-day window to get a survey done. A number of problems have occurred and after 20 days from the signed contract date, buyer Jim has yet to have a survey completed. What is now the status of the sales contract? a.
Answers (1)
Lawrence has worked in his career field for 20 years. one benefit of his experience over younger employees lies in
Answers (1)
Ingredient lists on gum packages remain somewhat vague, even though these labels fall under federal regulations, because the manufacturers feel their ingredient lists are _[blank]_.
Answers (1)
Kirsten is trying to decide where to go for her well earned vacation. She would like to camp, but if the weather is bad, she will have to go to a motel.
Answers (1)
Home
»
Business
» Explain the rule of 72
Sign In
Sign Up
Forgot Password?