hhh6425 hhh6425
  • 04-03-2019
  • Business
contestada

what ROI will you need to double your money in 12 years​

Respuesta :

MrCreighton
MrCreighton MrCreighton
  • 04-03-2019

The rule of 72 says  that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72.

so in this equation we would use: 72/x=12 then you solve for X

X = 6%

So it would take approximately 6% ROI

Answer Link

Otras preguntas

an arithmetic sequence has a1 = 5 and a5 = 13. how many terms of this sequence must be added to obtain 60?
What is one of the byproducts of yeast fermentation?
A demand curve that is horizontal indicates that the commodity
There are 80 sixth graders at Wilson Middle School. Only 60% of the sixth graders will attend the morning assembly. How many sixth graders will be at the mornin
"which personality trait tends to increase with age"
Two charges, q1 and q2, are separated by a certain distance r. if the magnitudes of the charges are halved and their separation is halved, then what happens to
What is contained within the stratosphere
You believe the best decision is one which can be easily changed meaning
I need some help hire can u help me plis
A pizza restaurant sells containers of juice that it marks up 75 percent above its wholesale cost. If the restaurant marks up each container by $.90, how much d