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larisa86 [58]
2 years ago
8

State the rule of 72:

History
1 answer:
Goshia [24]2 years ago
3 0

Answer:

The rule of 72 is a way to quickly estimate the doubling or halving time through compound interest or inflation

Explanation:

For example, using the rule of 72, an investor who invests $1,000 at an interest rate of 4% per year, will double their money in approximately 18 years.

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