Question: It will take exactly N 1 years for the value in your current portfolio to double at 5 % . If we use the rule

It will take exactly N1 years for the value in your current portfolio to double at 5%. If we use the rule of 70, at 5%, it will take N2 years. What is N1-N2 rounded to 2 decimal places?
0.09
0.00
0.45
0.96
 It will take exactly N1 years for the value in your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!