Multiple Choice
Which of the following is the best description of the Rule of 72?
A) The Rule of 72 tells how what an investment is worth when interest rates are expected to double.
B) The Rule of 72 tells how what interest rates are when an investment is expected to triple.
C) The Rule of 72 tells how long it takes an investment to triple at a given interest rate.
D) The Rule of 72 tells how what interest rates are when an investment is expected to double.
E) The Rule of 72 tells how long it takes an investment to double at a given interest rate.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: What is the maximum price Genome Inc.
Q19: An accelerated monthly mortgage is one where
Q20: Which of the following best describes the
Q21: Jeanine withdrew $10,000 from an aggressive growth
Q22: Rekka Resin Moulding Inc.'s earnings before tax
Q24: Millennium Laboratories can license one of its
Q25: Maple Cloud Services Inc. is considering the
Q26: Fandango Company's credit terms allow its customers
Q27: Gerald Electric Company will only sell a
Q28: Ambidex Ltd. established five years ago, was