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Based on the Rule of 72, how many years will it take to quadruple your money if you can earn an 8 percent rate of return?

Based on the Rule of 72, how many years will it take to quadruple your money if you can earn an 8 percent rate of return?

a. 4.5 years
b. 9.0 years
c. 13.5 years
d. 18.0 years

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Finance - 8207684.doc

Correct ans: d 18. Years
According to the Rule of 72, it will take 72 / 8 = 9.0 years to double your money and 9 × 2 = 18.0
years to quadruple your money.

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