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stranahan stranahan
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7 years ago
Rory has $2,500 but needs $5,000 to purchase a new golf cart. If he can invest his money at a rate of 12% per year, approximately how many years will it take the money in Rory's account to grow to $5,000? Use the Rule of 72 to determine your answer.
 Note: The golf cart's price may have changed by the time Rory's account reaches a value of $5,000.
A) 4 years
B) 6 years
C) 8 years
D) 2 years
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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waspchichesterwaspchichester
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7 years ago
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stranahan Author
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#2
7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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#3
4 years ago
thank you
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3 years ago
thank you
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#5
3 years ago
thank you
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#6
3 years ago
thank you
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