Multiple Choice
Using the Rule of 72,approximately how long will it take to double your money if you invest it at 8% compounded annually?
A) 6 months
B) 9 months
C) 6 years
D) 9 years
E) It depends on the amount of the initial investment.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q85: A method by which one can compare
Q86: Approximately how long will it take Enrique's
Q87: Assume that Adrian will need $30,000 for
Q88: What are some practical uses of present
Q89: What is the annual interest rate earned
Q91: Most people achieve comfortable retirements by postponing
Q92: The discount rate is the interest rate
Q93: A series of equal dollar payments at
Q94: What is the maximum that you would
Q95: Alexis is ready to buy her house.She