Practice with the rule of 70: If you inherit $20,000 this year and you invest your money so that it grows 3.5% per year, how many years will it take for your investment to be worth $80,000? $160,000? $320,000?

Practice with the rule of 70: If you inherit $20,000 this year and you invest your money so that it grows 3.5% per year, how many years will it take for your investment to be worth $80,000? $160,000? $320,000?

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance

Section: Chapter Questions

Problem 14PAE

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Practice with the rule of 70: If you inherit $20,000 this year and you invest your money so that it grows 3.5% per year, how many years will it take for your investment to be worth $80,000? $160,000? $320,000?

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