Question

Which of the following accounting rules can roughly

Q: Answer-Which of the following accounting rules can roughly estimate how many years a given sum of money mus...

The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself. However the Rule of 72 is reasonably accurate for low rates of return.

estimate how many years a given sum of money must earn at a given compound annual interest rate in order to double that initial amount.

A Rule of 85

B Rule of 78

C Rule of 144

D Rule of 72

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Which of the following accounting rules can roughly

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