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01-12-2020
Mathematics

contestada

Using the rule of 72, if you invest $1,000 at an annual rate of 8%, about
how long will it take to double your investment?

Respuesta :

mission60 mission60

01-12-2020

Answer:

9

Step-by-step explanation:

it will take approximately (72 / 8) = 9 years to double the invested money.

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