All of the following are the steps to figure out "The Rule of 72" EXCEPT Find the interest rate. O 72 divided by the interest rate. O Roughly how many years it will take your money to double. Add 72 to the interest rate.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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All of the following are the steps to figure out "The Rule of 72" EXCEPT
Find the interest rate.
O 72 divided by the interest rate.
O Roughly how many years it will take your money to double.
O Add 72 to the interest rate.
Transcribed Image Text:All of the following are the steps to figure out "The Rule of 72" EXCEPT Find the interest rate. O 72 divided by the interest rate. O Roughly how many years it will take your money to double. O Add 72 to the interest rate.
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