Real-World Applicationsmedium
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An investment earns 8%8\% interest compounded annually. What is the absolute difference between the doubling time predicted by the Rule of 72 (T72RT \approx \frac{72}{R}) and the actual doubling time? (Use ln(2)0.6931\ln(2) \approx 0.6931 and ln(1.08)0.0770\ln(1.08) \approx 0.0770)