Filmore has invested $10,000 in an account to help pay for his grandson's education. He expects the account to return 4.5% annually. Use the rule of 72 to estimate how long it will take the $10,000 to double in value.

Question

Quizplus · Accepted Answer

The Answer of Filmore has invested $10,000 in an account to help pay for his grandson's education. He expects the account to return 4.5% annually. Use the rule of 72 to estimate how long it will take the $10,000 to double in value.

Filmore Has Invested $10,000 in an Account to Help Pay