What is the rule of 72? Please provide a simplified overview of how this rule...
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Accounting
What is the rule of 72? Please provide a simplified overview of how this rule of thumb works over a wide range of interest rates. (For example, this works really well for interest rates between a to b, is only so so when interest rates vary from c to d, and does not work well at all when we apply interest rates in the range of e to f). Note: You should describe the first calculation only here, you do not need to describe the assumptions for every additional calculation where you are changing just one variable.
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