Hello can you place assist with this question regarding Compound Interest. Thank you. Use...
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Hello can you place assist with this question regarding Compound Interest. Thank you. Use the rule of 72 to estimate the doubling time (in years) for an interest rate of 3.5%, compounded annually. Then calculate it exactly. Now discuss how the rule of 72 would change if now you wanted to know the tripling time?
Use the rule of 72 to estimate the doubling time (in years) for an interest rate of 3.5%, compounded annually. Then calculate it exactly.
Now discuss how the rule of 72 would change if now you wanted to know the tripling time?
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