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At an Interest Rate of 10% and Using the Rule

question 195

Essay

At an interest rate of 10% and using the Rule of 72, how long will it take to double the value of a lump sum invested today? How long will it take after that until the account grows to four times the initial investment? Given the power of compounding, shouldn't it take less time for the money to double the second time?


Definitions:

Maid of Honor

A woman appointed as the chief bridesmaid who assists the bride in her wedding preparations and on her wedding day.

Unstated Premise

An implicit assumption or proposition that is not expressly stated but is required for an argument's logic to hold.

Disjunctive Premise

A part of a logical argument that presents two or more mutually exclusive options or possibilities.

Negative Proposition

A statement that asserts the non-existence or exclusion of something.

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