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Business, 16.03.2020 22:15 andrespacheco5888

The rule of 70 applies in any growth-rate application. Let’s say you have $2000.00 in savings and you have three alternatives for investing these funds.
A savings account earning 1% interest per year. A U. S. Treasury bond mutual fund earning 3% interest per year. A stock market mutual fund earning 8% interest per year.

How many years would it take to double your savings in each of the following three accounts? In all cases, give your answers to two decimals.

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