Your Uncle Is Looking to Double His Investment of $10,000

question 86

Multiple Choice

Your uncle is looking to double his investment of $10,000. He claims he can get earn 14 percent on his investment. How long will it take to double his investment? Use the Rule of 72 and round to the nearest year.

• A) 5 years
• B) 14 years
• C) 10 years
• D) 7 years

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