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    Personal Finance Study Set 15
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    Exam 1: Personal Finance Basics and the Time Value of Money
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    When Prices Are Rising at a Rate of 3 Percent,the
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When Prices Are Rising at a Rate of 3 Percent,the

Question 52

Question 52

Multiple Choice

When prices are rising at a rate of 3 percent,the cost of products and services would double in ________ years.


A) 3
B) 6
C) 18
D) 24
E) 72

Correct Answer:

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