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1- 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 in the 10 years for time, and the formula becomes...rate * 10 years=72. thus, rate=7.2% !

give an example of purchase, or investment or other matter in your personal financial life when this formula would have been a usefull tool.

2-if you were a small business owner would you implement an activity-based costing system. what potential benefits or pitfalls do you foresee? discuss the risk associated with being over or under leveraged.

i just need two small paragraphs on these.
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