Multiple Choice
Which of the following statements about the Rule of 72 is not true?
A) It is a mathematical approximation for the number of years required to double an investment.
B) It illustrates the power of a discounted rate.
C) It can be used to approximate the interest rate needed to double an investment for a specified amount of time.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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