Use the rule of 72 to. View rule of 72 activity 5 2 19 docx from personal finance 210 at lumberton senior high.
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It prints as two pages or as one double sided sheet.
Rule of 72 personal finance worksheet answers. Learn vocabulary terms and more with flashcards games and other study tools. How the rule of 72 works. Rule of 72 by kent eberspacher teacher wyoming 1 2 chapter.
For example the rule of 72 states that 1 invested at an annual fixed interest rate of 10 would take 7 2 years 72 10 7 2 to grow to 2. 1 14 3 a1 worksheet rule of 72 name chariti smith date may 2 2019 directions. Rule of 72 example.
The printable worksheet can serve as a study guide. According to the rule of 72 how. Start studying personal finance.
The rule of 72 is a shortcut to estimate the number of years required to double your money at a given annual rate of return. The rule of 72 economics worksheet. For example if you want to know how long it ll take to double your money at 9 interest divide 9 into 72 and get 8.
Doug invested 2 500 into a certificate of deposit earning 6 5 interest. The rule states that you divide the rate expressed as a. Managing your money rules of 72.
L a e fund turn mine type nd n a me. 72 6 interest 12 years 72 10 years 7 2 interest students will need the internet to complete the first two columns of the activity. Please show your work.
It pays to save. Using the rule of 72 answer the following questions. The average stock market return since 1926 has been 11.
View wk 6 activity rule of 72 2 1 from finance 1100 at university of missouri. This rule of thumb helps you compute when your money or any unit of numbers will double at a given interest growth rate. At 10 money doubles every 7 2 years and when you divide 7 2 by 10 you get 72.
Click here to print this worksheet. Use this interactive quiz and worksheet to test your knowledge of the rule of 72 in finance. Rule of 72 by kent eberspacher teacher wyoming teacher directions go over the rule of 72 and do a few sample problems.
How long will it take to double doug s investment. The rule of seventy two and basic personal saving. Printable worksheet scroll down to print social studies economics money and personal finance.
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