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Web heres how the rule of 72 works. The rule of 72 applies to cases of compound interest, not simple interest. Doug invested $2,500 into a certificate of deposit earning 6.5'0 interest. In the rule of 72 formula, n = 72 / r, what does the n represent? Use the “rule of 72” to answer the.
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Rule of 72 other contents:. Some of the worksheets displayed are rule of 72, the. The rule of 72 applies to cases of compound interest, not simple interest. When it comes to making major purchases or retiring, many people rely on bank loans. Jerrod owes $2,000 on a credit card that charges him an annual percentage.
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Web rule of 72 note taking guide 2.4.5.l1: How long will it take to double doug's investment? Web rule of 72 worksheet (distance learning friendly) created by. Web how does the rule of 72 work? Number of periods, typically days.
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