What annual rate of interest is required to dobule an investment in 4 years?

1 ⤊

2007-11-28 15:43:03 · 3 answers · asked by mm 1 in Business & Finance ➔ Investing

The rule of 72 says 18. That is very close.

2007-11-28 15:45:55 · answer #1 · answered by Nelson_DeVon 7 · 1⤊ 0⤋

The rule of 72: Divided 72 by 4 (years) and get 18%.

Please note that this is just a rough but close number; not exactly!

2007-11-28 23:54:15 · answer #2 · answered by NuevoNew 4 · 0⤊ 0⤋

It's actually closer to 19%...about 18.9% ought to come verrrry close.

2007-11-29 11:57:09 · answer #3 · answered by jebediabartlett 6 · 0⤊ 0⤋