1. The Rule of 72 states that to find the number of years required to double an investment at a given annual rate of return, you divide 72 by the annual rate of return.
2. Given: annual rate of return = 6%
3. Applying Rule of 72:
\text{Years to Double} = \frac{72}{\text{Annual Rate}}
\text{Years to Double} = \frac{72}{6}
4. Simplify the expression:
\text{Years to Double} = 12
Final Answer:
\text{12 years}