For Example
If the annual rate of return is 6%, it would take approximately 12 years for the investment to double (72 ÷ 6 = 12).
If the annual rate of return is 9%, it would take approximately 8 years for the investment to double (72 ÷ 9 = 8).
If the annual rate of return is 12%, it would take approximately 6 years for the investment to double (72 ÷ 12 = 6).
• If the annual rate of return is 6%, it would take approximately 12 years for the investment to double (72 ÷ 6 = 12).
• If the annual rate of return is 9%, it would take approximately 8 years for the investment to double (72 ÷ 9 = 8).
• If the annual rate of return is 12%, it would take approximately 6 years for the investment to double (72 ÷ 12 = 6).