If the interest earned by a CD is compounded continuously, which rule is most accurate when calculating how long it will take th
e money invested in the CD to double? A. Rule of 69 B. Rule of 72 C. Rule of 12 D. None of the above
2 answers:
Answer:
69
Step-by-step explanation:
For an investment compounded continuously, the rule of 69 gives a better approximation than the rule of 72 (for normal compound interests).
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