Approximately how long will it take to double your money if you get 5.5%, 7.5%, or 9.5%

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Approximately how long will it take to double your money if you get 5.5%, 7.5%, or 9.5% annual return on your investment? Verify the approximate doubling period with the time value of money equation.

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Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

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Question Posted: May 08, 2014 07:04 AM

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Approximately how long will it take to double your money if you get 5.5%, 7.5%, or 9.5%

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Approximating the double period with the Rule of 72s At 55 7255 1309 or a lit...View the full answer

Financial Management Core Concepts

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