Explain the Rule of 72.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The Rule of 72 is an easy way to approximate the n...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
Rule of 69.3 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...
-
The rule of 72 states that if rate * time = 72, your investment will double. Referring to the example if $1000 grows to $2000 in ten years, you see that this is a double. Thus, rate * time = 72. Plug...
-
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...
-
The data below provides weekly sales for the past 12 weeks (weeks 21-32). Week Sales 21 4,000 22 3,655 23 3,958 24 3,983 25 4,538 26 4,120 27 4,692 28 4,421 29 4,859 30 5,030 31 5,540 32 5,670 Use a...
-
For an up-and-coming brand of fashionable jeans, a re-branded local night club for dancing, and an established energy drink, identify the most appropriate media budget allocation (in percentages) to...
-
Meenen Corporation has 30,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock split. Before the split, the stock had a market price of $120 per share. After the...
-
The Arrow-Pratt relative risk aversion coefficient is \[\mu(x)=\frac{x U^{\prime \prime}(x)}{U^{\prime}(x)} .\] Show that the utility functions $U(x)=\ln x$ and $U(x)=\gamma x^{\gamma}$ have constant...
-
Oakwood Company produces maple bookcases to customer order. It received an order from a customer to produce 5,000 bookcases. The following information is available for the production of the...
-
Visit one B2C and one B2B Web site. Examine each carefully, identifying as many relationship building techniques as possible. Do you find extensive differences between the B2C and B2B sites? Discuss...
-
The following information was taken from the accounts of Green Market, a small grocery store, at December 31, Year 1. The accounts are listed in alphabetical order, and all have normal balances....
-
What do the symbols, PMT, A, and S mean?
-
Why are cash and time critical elements in investment decisions?
-
the given matrix is of the form In each case, A can be factored as the product of a scaling matrix and a rotation matrix. Find the scaling factor r and the angle of rotation. Sketch the first four...
-
How a company can select the most appropriate method of transportation for its products? give one example to support your answer. How a company can set up a basic process for monitoring shipments and...
-
A contractor purchases a collating machine that can collate 1,000 documents a minute. The next year, the contractor spends $8,000 to have the machine upgraded. After the upgrade, the machine can...
-
Luigi has agreed to your recommendation for income protection cover with a 60-day waiting period and benefit to age 65. What needs to happen now?
-
To make sure immunisations records are up-to-date, education and care services must obtain a copy of the child's immunisation record during enrolment and request a new copy each year. List four (4)...
-
What is capital structure? How does a CFO can determine the optimal capital structure for his company. Access the balance sheet of any public company or the target company you might have chosen for...
-
What could explain the difference between culture A and culture B? (A) Culture B started with more bacteria than culture A. (B) Culture A was grown with a competitive inhibitor. (C) Culture B was not...
-
On April 29, 2015, Auk Corporation acquires 100% of the outstanding stock of Amazon Corporation (E & P of $750,000) for $1.2 million. Amazon has assets with a fair market value of $1.4 million (basis...
-
Great Eats needs $2,000,000 to finance a new restaurant in Mytown. The project will be funded from the following sources. Great Eats' effective tax rate is 34 percent with taxes paid annually....
-
Your firm sells for cash only; but it is thinking of offering credit, allowing customers 90 days to pay. Customers understand the time value of money, so they would all wait and pay on the 90th day....
-
Erika and Kitty, who are twins, just received $30,000 each for their 25th birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her early...
-
Starting next year, you will need $10,000 annually for 4 years to complete your education. (One year from today you will withdraw the first $10,000.) Your uncle deposits an amount today in a bank...
-
What role do social networks and interpersonal relationships play in both perpetuating and challenging existing social structures ?
-
A homeowner is thinking about buying an electric heat pump to save on heating costs. The heat pump is said to reduce fuel consumption by 10 MMBtu per year for 20 years. It costs $1,400 upfront and...
-
How do globalization and technological advancements impact the configuration of social structures, particularly in terms of power dynamics and inequalities ?
Study smarter with the SolutionInn App