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    Exam 3: Understanding and Appreciating the Time Value of Money
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    Using the Rule of 72,if It Will Take Approximately 12
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Using the Rule of 72,if It Will Take Approximately 12

Question 82

Question 82

Multiple Choice

Using the Rule of 72,if it will take approximately 12 years for your money to double,at what annually compounded interest rate is it invested?


A) 6%
B) 8%
C) 9%
D) 12%

Correct Answer:

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