End of Chapter 18 Questions and Answers

21. Use the "Rule of 72" to estimate how long it will take $15,000 to grow to $30,000 at an annual growth rate of 10%. Answer: DT = 72/(100*.10) = 72/10 = 7.2 years. 22. A real estate investor feels that the cash flow from a property will enable her to pay a lender $15,000 per … ................
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