The Rule of 72 is used Multiple Choice to find out how many years it takes money
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Question:
The Rule of 72 is used
Multiple Choice
to find out how many years it takes money to double when interest is compounded
to find out how much interest is owed when interest is compounded
to find out how much interest has been paid when interest is compounded
None of the other alternatives are correct
to find out how many years interest doubles in 72 years when interest is compounded
Expert Answer:
Related Book For 
Database Systems A Practical Approach to Design Implementation and Management
ISBN: 978-0132943260
6th Edition Global
Authors: Thomas Connolly, Carolyn Begg
Posted Date:
