Your uncle is looking to double his investment of $20,000. He claims he can earn...
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Accounting
Your uncle is looking to double his investment of $20,000. He claims he can earn 11.5 percent on his investment. How long will it be before he can double his investment? Use the Rule of 72 and round to the nearest year:
a 3 years
b 6 years
c 8 years
d None of the above
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