Table :
TABLE 2
ACCURACY OF THE RULE OF 70
TABLE 2
ACCURACY OF THE RULE OF 70
5% Growth Rate
10% Growth Rate
Actual
Using Rule of 70
Actual
Using Rule of 70
Initial:
$1,000
$1,000
$1,000
$1,000
14 years:
$1,979
$2,000
$3,797
$4,000
28 years:
$3,920
$4,000
$14,421
$16,000