How long will it take to double to double your money if you get a...

90.2K

Verified Solution

Question

Finance

imageHow long will it take to double to double your money if you get a 3.5% annual return on your investment?

Double your moneyRule of 72. Approximately how long will it take to double your money if you get an annual return of 3.5%, 6.8%, or 9.8% on your investment? Approximately how long will it take to double your money if you get a 3.5% annual return on your investment? years (Round to two decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students