One of them is the rule of 72 but it can only be used when specific conditions related to the present and future values are met. Answer and Explanation: The rule of 72 is a method of approximating the time period that is necessary for a certain amount...
You can also use the Rule of 72 to plug in interest rates from credit card debt, a car loan, home mortgage, or student loan to figure out how many years it'll take your money to double for someone else. For example,the average interest rate for credit cardsis 17.3%. If you divide ...
Alternatives: Rules of 72 and 69 In some instances, investors use variants of the rule of 70, the rules of 69 or 72, to predict doubling time. The formula of these two alternatives is the same as that of the rule of 70, but instead of using a constant number of 70, the calculation...
Rule 70There are some mathematical formulas which are used to calculate something very easily and quickly. One of these formula is called "Rule 70".Answer and Explanation: Rule of 70 is a mathematical formula that is used to calculate the number of years it takes a variable to double. In ...
The Rule of Law is By Law and Not Men. The laws that are imposed on the society must be neutral in their nature and must be created for the betterment of the society and its protection. The law must be made for the sake of law, and not for the selfish requirements of any man. It...
What Is Rule 72(t)? If you need to withdraw funds from anindividual retirement accountor 401(k) account before age 59 1/2, there's usually a 10% early withdrawal penalty. However, an IRS rule known as rule 72(t) waives the 10% penalty on someearly retirement plan withdrawalsif you ...
What is the'rule of law'? '法治'是什么?相关知识点: 试题来源: 解析 答: Government must obey the law. 政府必须遵守法律(也可答:Everyone must follow the law 人人都应遵守法律; Leaders must obey the law 领导人必须遵守法律; No one is above the law没有任何人在法律之上。)...
百度试题 结果1 题目What is the “rule of law”? ·Everyone must obey (follow) the law 问:法制是什么意思?相关知识点: 试题来源: 解析 答:每个人必须遵守法律。反馈 收藏
What Is the Rule of 72? The Rule of 72 is an easy way to calculate how long an investment will take to double in value given a fixed annual rate of interest. Dividing 72 by the annual rate of return gives investors an estimate of how many years it will take for the initial investmen...
What Is the Rule of 72? The Rule of 72 is an easy way to calculate how long an investment will take to double in value given a fixed annual rate of interest. Dividing 72 by the annual rate of return gives investors an estimate of how many years it will take for the initial investmen...