Solved: Rule of 72, The "rule of 72" states that the number of periods "n" that it will take to, Accounting Basics

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Rule of 72

Question:

The "rule of 72" states that the number of periods "n" that it will take to double an investment whose rate of return is "r" percent is approximately 72/r. That is, nr is approximately equal to 72. Verify this approximation for r = 4,6,8 and 10.

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Accounting Basics: Rule of 72

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Accounting Basics: Rule of 72

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