Question: If the interest rate is 6% per year, how long will it take for your money to quadruple in value? If the inflation rate is

If the interest rate is 6% per year, how long will it take for your money to quadruple in value? If the inflation rate is 4% per year, what will be the change in the purchasing power of your money over this period?

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According to the Rule of 72 at an interest rate of 6 it will take 726 12 years ... View full answer

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