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    Economics Study Set 8
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    Exam 28: The Financial Sector and the Economy
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    According to the Rule of 72, a Savings Account with an Interest
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According to the Rule of 72, a Savings Account with an Interest

Question 120

Question 120

Multiple Choice

According to the rule of 72, a savings account with an interest rate of 12 percent will double in value in approximately:


A) 3 years.
B) 6 years.
C) 8.5 years.
D) 10 years.

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