Question: Show how the Rule of 72 can be used to
Show how the Rule of 72 can be used to approximate the number of years to quadruple an investment.
Relevant QuestionsShow the time line for a $500 cash inflow today, a $605 cash outflow in year 2, and a 10 percent interest rate.Compute the value in 25 years of a $1,000 deposit earning 10 percent per year.Compute the present value of $1,000 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year. What is the value in year 10 of a $1,000 cash flow made in year 3 if interest rates are 9 percent?You invested $3,000 in the stock market one year ago. Today, the investment is valued at $3,750. What return did you earn? What return would you suffer next year for your investment to be valued at the original $3,000? ...
Post your question