Rule Of 72 Personal Finance Worksheet Answers

Using the rule of 72 answer the following questions. Click here to print this worksheet.

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It prints as two pages or as one double sided sheet.

Rule of 72 personal finance worksheet answers. Start studying personal finance. View rule of 72 activity 5 2 19 docx from personal finance 210 at lumberton senior high. For example if you want to know how long it ll take to double your money at 9 interest divide 9 into 72 and get 8.

The rule of 72 economics worksheet. It pays to save. Learn vocabulary terms and more with flashcards games and other study tools.

The rule of seventy two and basic personal saving. The rule of 72 is a shortcut to estimate the number of years required to double your money at a given annual rate of return. L a e fund turn mine type nd n a me.

At 10 money doubles every 7 2 years and when you divide 7 2 by 10 you get 72. For example the rule of 72 states that 1 invested at an annual fixed interest rate of 10 would take 7 2 years 72 10 7 2 to grow to 2. According to the rule of 72 how.

1 14 3 a1 worksheet rule of 72 name chariti smith date may 2 2019 directions. View wk 6 activity rule of 72 2 1 from finance 1100 at university of missouri. This rule of thumb helps you compute when your money or any unit of numbers will double at a given interest growth rate.

How the rule of 72 works. The average stock market return since 1926 has been 11. Rule of 72 by kent eberspacher teacher wyoming teacher directions go over the rule of 72 and do a few sample problems.

How long will it take to double doug s investment. The rule states that you divide the rate expressed as a. Printable worksheet scroll down to print social studies economics money and personal finance.

Rule of 72 by kent eberspacher teacher wyoming 1 2 chapter. Rule of 72 example. Use this interactive quiz and worksheet to test your knowledge of the rule of 72 in finance.

Managing your money rules of 72. Please show your work. Doug invested 2 500 into a certificate of deposit earning 6 5 interest.

Use the rule of 72 to. 72 6 interest 12 years 72 10 years 7 2 interest students will need the internet to complete the first two columns of the activity. The printable worksheet can serve as a study guide.

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