Multiple Choice
What annual rate of return must you earn to double your money in about 9 years? Use the Rule of 72 to determine your answer.
A) You would need to earn an annual rate of return of about 12%.
B) You would need to earn an annual rate of return of about 10%.
C) You would need to earn an annual rate of return of about 8%.
D) There is not enough information to answer this question.
Correct Answer:
Verified
Correct Answer:
Verified
Q78: If you can earn 5.25% per year
Q79: Which of the following formulas is
Q80: _ is simply the interest earned in
Q81: A manufacturer of Virtual Reality headsets has
Q82: If you invest $3,650 today,how much money
Q84: When solving for a present value,the interest
Q85: Your grandfather likes to tell the story
Q86: Your university is running a special offer
Q87: In 1970,before the era of major league
Q88: In 1975,the era of major league baseball