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#tvm

Question

Rule of 72 : Divide 72 by **[...]** to get the approximate number of years it would take to double an investment

Answer

the stated interest rate

(double it at the interest rate.)

(double it at the interest rate.)

Tags

#tvm

Question

Rule of 72 : Divide 72 by **[...]** to get the approximate number of years it would take to double an investment

Answer

?

Tags

#tvm

Question

Rule of 72 : Divide 72 by **[...]** to get the approximate number of years it would take to double an investment

Answer

the stated interest rate

(double it at the interest rate.)

(double it at the interest rate.)

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**Rule of 72**

To quickly approximate the number of periods, practitioners sometimes use an ad hoc rule called the Rule of 72 : Divide 72 by the stated interest rate to get the approximate number of years it would take to double an investment at the interest rate. Here, the approximation gives 72/7 = 10.3 years. The Rule of 72 is loosely based on the observation that it takes 12 years to double an amount at a 6 percent interest rate, giving 6 × 1

To quickly approximate the number of periods, practitioners sometimes use an ad hoc rule called the Rule of 72 : Divide 72 by the stated interest rate to get the approximate number of years it would take to double an investment at the interest rate. Here, the approximation gives 72/7 = 10.3 years. The Rule of 72 is loosely based on the observation that it takes 12 years to double an amount at a 6 percent interest rate, giving 6 × 1

status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
---|---|---|---|---|---|---|---|

repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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