A corollary to the Rule of 72 is the Rule of 69.3. The Rule of 69.3 is

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A corollary to the Rule of 72 is the Rule of 69.3. The Rule of 69.3 is exactly correct except for rounding when interest rates are compounded continuously. Prove the Rule of 69.3 for continuously compounded interest.

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Corporate Finance

ISBN: 978-0071339575

7th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro

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Question Posted: Jun 17, 2015 03:30 AM

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A corollary to the Rule of 72 is the Rule of 69.3. The Rule of 69.3 is

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We are only concerned with the time it takes money to double so the dollar amount...View the full answer

Corporate Finance

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