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    Principles of Economics Study Set 8
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    Exam 27: Tools of Finance
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    If a Savings Account Pays 5 Percent Annual Interest, Then
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If a Savings Account Pays 5 Percent Annual Interest, Then

Question 59

Question 59

True/False

If a savings account pays 5 percent annual interest, then the rule of 70 tells us that the account value will double in approximately 14 years.

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