Use the rule of 72 to determine how long it takes to accumulate $10,000 in a savings
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Rule of 72: The time (years) required to double the value of a lump-sum investment that is allowed to compound is approximately
72 ÷ annual interest rate (as a %).
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Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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