What ROI will you need to double your money in 12 years

1 answer:

7 0

The rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72.

so in this equation we would use: 72/x=12 then you solve for X

X = 6%

So it would take approximately 6% ROI

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Following are the solution to this question:

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Please find the complete question in the attachment file.

Applied to fixed overhead

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