How much time would it take for the stock portfolio to double in value if the...

How much time would it take for the stock portfolio to double in value if the rate of return is 9.0%? Use the rule of 70 to find the answer [just google it]. State the answer as a number with 2 decimals (for example, 13.02).

Expert Solution

Ans 7.78 years

Time to double the value by Rule 70 = 70 / Annual rate of return

= 70 / 9.0

= 7.78 years

jeff jeffy answered 2 years ago

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