End of Chapter Answers
1. Using the rule of 72, approximate the following amounts. (Obj. 1)
a. If the value of land in an area is increasing 6 percent a year, how long will it take for property values to double?
About 12 years (72 / 6)
b. If you earn 10 percent on your investments, how long will it take for your money to double?
About 7.2 years . . .
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