Study Guide - University of Phoenix
APR = Annual Percentage Rate = (Interest)/(Balance), assuming annual interest. If you have $1000 in the bank at 10% simple interest, how long. does it take before your money doubles? If you have $1000 in the bank at 10% interest compounded annually, how long does it take before your money doubles? (create Compound.xls) Rule of 70 & Rule of 72 ................
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