The Rule of 72 is used to calculate what?(1 point)

Responses

The amount of time it will take for an investment to double in value
The amount of time it will take for an investment to double in value

The amount of money one should save by retirement
The amount of money one should save by retirement

The amount of taxes owed for every $72 invested
The amount of taxes owed for every $72 invested

The amount of credit one needs for a good credit report

1 answer

The Rule of 72 is used to calculate the amount of time it will take for an investment to double in value.