Web101 rows · Simply enter a given rate of return and this calculator will tell you how long it will take for the money to double by using the rule of 72. That rule states you can divide 72 by the rate of return to estimate the doubling … WebSolution A. Inflation premium = 7-5 = …. Suppose that the nominal interest rate is 7 percent and the real interest rate is 5 percent. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to the nearest whole number a. What is the inflation premium? 33 percent b.
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The rule of 72 for compound interest (video) Khan Academy
WebSee Answer Question: If you earn an annual interest rate of 9.7 percent, how many years will it take to double your money? Multiple Choice 6.91 years 5.99 years 7.49 years 6.55 years 6.81 years Show transcribed image text Expert Answer 100% (4 ratings) Answer: Correct answer is 7.49 years. WebJun 15, 2024 · With an estimated annual return of 7%, you’d divide 72 by 7 to see that your investment will double every 10.29 years. Here’s an example of other rates of return and … WebMar 9, 2024 · The basic rule of 72 says the initial investment will double in 3.27 years. However, since (22 – 8) is 14, and (14 ÷ 3) is 4.67 ≈ 5, the adjusted rule should use 72 + 5 = 77 for the numerator. hoang tu thien tai anime