Calculating the Number of Periods You've been offered an investment that will pay you 7 percent per year. If you invest $10,000, how long until you have $20,000? How long until you have $30,000? (See Problem 5.) 4.4

Personal Finance
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Chapter1: Understanding Personal Finance
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nal raté of return are you being offered? Check your
answer using the Rule of 72. (See Problem 4.)
4.4 Calculating the Number of Periods You've been offered an investment that will
pay you 7 percent per year. If you invest $10,000, how long until you have $20,000?
How long until you have $30,000? (See Problem 5.)
Transcribed Image Text:nal raté of return are you being offered? Check your answer using the Rule of 72. (See Problem 4.) 4.4 Calculating the Number of Periods You've been offered an investment that will pay you 7 percent per year. If you invest $10,000, how long until you have $20,000? How long until you have $30,000? (See Problem 5.)
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