Wednesday

August 27, 2014

August 27, 2014

Posted by **cj** on Thursday, January 10, 2008 at 9:33am.

- finance management -
**economyst**, Thursday, January 10, 2008 at 10:44amThe short-cut method is to use the Rule of 72. That is 72/rate = time needed for investment to double. So, 72/6.5 = 11.08 years

Or you could do in more precisely by compounding an investment by 6.5% until it doubles.

**Related Questions**

Fin Acct. - if you deposit money today in an account that pays 6.5% annual ...

Financial management - If you deposit money today into an account that pays 6.5 ...

Math - If you deposit P dollars into a bank account paying an annual interest ...

math - Samantha opened a savings account and deposited some money into the ...

algebra - you deposit 8500 dollars in an account that pays you 3.5 % interest ...

algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...

Log Question-Advanced Function - if you invested money into an account that pays...

finance - Suppose you pay $1000 into a savings account that pays 2% per year, ...

Algebra 2 - Suppose you deposit $1500 in a savings account that pays interest at...

math - You deposit $7,900 in a money-market account that pays an annual interest...