At an Interest Rate of 10 Percent and Using the Rule

question 65

Essay

At an interest rate of 10 percent 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?

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Time-Out

A behavior-modification technique in which a child who misbehaves is temporarily removed from positive reinforcement.

Misbehaves

To act out or behave badly, contrary to established rules or expectations.

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A consequence administered to reduce the likelihood of a behavior occurring in the future, often involving an unpleasant or negative experience.