How long will it take to double the value of a lump sum, Finance Basics

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How long will it take to double the value of a lump sum

At an interest rate of 10 percent and using the Rule of 72, how long will it take to double the value of a lump sum invested today? How long will it take after that until the account grows to four times the initial investment? Given the power of compounding, shouldn't it take less time for the money to double the second time?

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Finance Basics: How long will it take to double the value of a lump sum

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Finance Basics: How long will it take to double the value of a lump sum

Reference No:- TGS0611215

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: How long will it take to double the value of a lump sum

Reference No:- TGS0611215

Recent Questions Asked Finance Basics

Q : One of the first steps in the enrichment of uranium for use

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Q : Converging lens with plane mirror box somewhere at the left

Q : A stock has an expected return of 165 its beta is 150 and

Q : How long will it take to double the value of a lump sum

Q : Find the enthalpy of reaction for graphite going to diamond

Q : Cost basis of stock proceeds of sale abc 24500 28600 def

Q : A boy of mass 50 kg runs up a hill of vertical height 300 m

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