2) Estimate the required interest rate for an initial $10,000 investment to grow to $40,000 in...

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2) Estimate the required interest rate for an initial $10,000 investment to grow to $40,000 in 20 years. HINT: Use the Rule of 72 10 Points 7.2% 10.2% 9.5% 5% 2) Estimate the required interest rate for an initial $10,000 investment to grow to $40,000 in 20 years. HINT: Use the Rule of 72 10 Points 7.2% 10.2% 9.5% 5%

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The Rule of 72 is a simple way to estimate the number of years required to double the money inv... View the full answer