Provide an appropriate response.
- If you deposit $5,000 in an in investment account today, it can double in value to $10,000 in just a couple decades even at a relatively low interest rate $( 6 - 8 \% )$

Question

Quizplus · Accepted Answer

Using the rule of 72, which estimates the number of years required to double an investment at a given annual rate of return, an investment at a 6-8% interest rate would indeed double in about 9-12 years, making it very plausible for the investment to double in a couple of decades.

Provide an Appropriate Response (6−8%)( 6 - 8 \% )(6−8%)

Provide an Appropriate Response $( 6 - 8 \% )$