How long does it to take to double your money at a given rate (r) ? Begin

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How long does it to take to double your money at a given rate $r$ ? Begin with

\[F V=P V e^{r t}=2 P V\]

and approximate $\ln (2) \approx 0.72$ to come up with the Rule of 72 .

(a) At $3 \%$, approximately how many years does it take to double your money?

(b) How about at $8 \%$ ?

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Mathematical Techniques In Finance An Introduction Wiley Finance

ISBN: 9781119838401

1st Edition

Authors: Amir Sadr

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Question Posted: Feb 27, 2024 03:10 AM

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How long does it to take to double your money at a given rate (r) ? Begin

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Doubling Time using the Rule of 72 The Rule of 72 is a simple way to estimate the number ...View the full answer

Mathematical Techniques In Finance An Introduction Wiley Finance

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