Suppose that you inherit $10,000 and put your money into a savings account that grows at an inflation-adjusted return of 2% per year. Use the rule of 70 to calculate how many years it will take for your investment to be worth $20,000, $40,000, and $160,000. Number of years until money doubles:     Number of years until money quadruples:     Number of years until inheritance is 16 times larger:

Survey Of Economics
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Author:Tucker, Irvin B.
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Chapter13: Inflation
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Suppose that you inherit $10,000 and put your money into a savings account that grows at an inflation-adjusted return of 2% per year. Use the rule of 70 to calculate how many years it will take for your investment to be worth $20,000, $40,000, and $160,000.

Number of years until money doubles:
 
 
Number of years until money quadruples:
 
 
Number of years until inheritance is 16 times larger:
 
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