The rule of 72 provides a guideline for determining how, Finance Basics

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The rule of 72 provides a guideline for determining how

Question: 1. The Rule of 72 provides a guideline for determining how long it takes your money to double. This rule can also be used to determine your earning rate. If your money is expected to double in 12 years, what is your rate of return?

2. If you desire to have $10,000 in savings eight years from now, what amount would you need to deposit in an account that earns 5 percent?

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