Value of a lump sum invested today


Problem:

At an interest rate of 10% 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 4 times the initial investment? Given the compounding, shouldn't it take less time for money to double the second time?

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Finance Basics: Value of a lump sum invested today
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