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    sandyevelis's Avatar
    sandyevelis Posts: 1, Reputation: 1
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    #1

    Oct 5, 2007, 05:59 PM
    Future Value
    How long will it take $1,000 to double when it is invested at (a)15%, (b) 13% or (c) 12%?
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
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    #2

    Oct 5, 2007, 06:06 PM
    Let's see, first at 15%, that would be 72 divided by 15 =s 14.8 years. second at 13%, that would be 72 divided by 13 =s 5.53 yrs, and finally at 12%, that would be 72 divided by 12 =s 6 yrs. I used the rule of 72s.
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