Sign In
Ask Question
Lilah Vega
Business
5 April, 11:20
When Would you need to use Rule 72?
+5
Answers (
2
)
Kaylee Little
5 April, 11:24
0
For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.
Comment
Complaint
Link
Keegan Johnston
5 April, 11:49
0
The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“When Would you need to use Rule 72? ...”
in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $900,000 of 10-year, 7% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1.
Answers (1)
A company received a bank statement showing a balance of $78,000. Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,400. What is the company's adjusted bank balance
Answers (1)
They break apart large bulk orders into smaller orders, then repack them and distribute them to the actual store. a) Retailer b) Wholesaler c) Manufacturer d) Distributor
Answers (2)
At the end of 2020, Headland Company has accounts receivable of $784,000 and an allowance for doubtful accounts of $39,200.
Answers (1)
Specific data such as age, income, family size, and accupation used for marketing purposes, is called
Answers (2)
New Questions in Business
Cheyenne, Inc. had outstanding $6,420,000 of 11% bonds interest payable July 31 and January 31 due in 10 years.
Answers (1)
You are graduating from college at the end of this semester and have decided to invest $4 comma 500 at the end of each year into a Roth IRA (a retirement investment account that grows tax free and is not taxed when it is liquidated) for the next 30
Answers (1)
Patients are given a drug treatment and then evaluated. symptoms either improve, degrade or remain the same with probabilities 0.4, 0.1, 0.5, respectively.
Answers (1)
A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct? a. There are increasing returns to scaleb. The long-run average total cost curve is flatc.
Answers (1)
Jose would like to create a soothing mood on his website. He creates some intense color schemes and adds some quiet background music. He asks you to let him know what you think. What do you tell him? A.
Answers (1)
Home
»
Business
» When Would you need to use Rule 72?
Sign In
Sign Up
Forgot Password?