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    Contemporary Financial Management Study Set 2
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    Exam 5: The Time Value of Money
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    Based on the Rule of 72, What Interest Rate Do
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Based on the Rule of 72, What Interest Rate Do

Question 6

Question 6

Multiple Choice

Based on the Rule of 72, what interest rate do you need to earn to double your money in 6 years?


A) 8%
B) 12%
C) 7%
D) 6%

Correct Answer:

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