A trader boasts that he's earned at least a 25% return each year for the last 8

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A trader boasts that he's earned at least a 25% return each year for the last 8 years. If he started with $100,000, using the rule of 72, estimate how much principle he currently has?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Sep 22, 2023 05:05 AM

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A trader boasts that he's earned at least a 25% return each year for the last 8

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The rule of 72 is a quick way to estimate the doubling time for an investment given ... View the full answer

Personal Finance

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