Pratice with the rule of 70. If you inherit $10,000 this year and you invest your money so that is grows 7% per year, how many years will it take for your investment to be worth $20,000? $40,000? $160,000? Value today $10,000; Growth Rate: 7% Number of years until your money doubles: ____________- Number of years until your money quadruples: _____________ Number of years until your inheritance is 16X larger: _______________
