Discounting is finding the future value of an original investment.
$100 to be received in the future is worth more than that today since it could be invested and earn interest.
The Rule of 72 calculates the compounded return on investments.
$100 to be received in the future is worth less than that today since it could be invested and earn interest.
Approximately what interest rate is needed to double an investment over four years? Multiple Choice
4 percent