menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Management
  4. Exam
    Exam 3: The Time Value of Money Part 1
  5. Question
    The Rule of 72 Is a Rule of Thumb for Estimating
Solved

The Rule of 72 Is a Rule of Thumb for Estimating

Question 90

Question 90

True/False

The Rule of 72 is a rule of thumb for estimating the interest rate necessary to double your money,given a period of time.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

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

Q89: Dividend growth rate is important to many

Q91: Even if you are given a present

Q92: If you invest $5,000 today at an

Q93: Consider the TVM equation: The future value

Q94: Write the equation for present value.How are

Q95: The question "What is the current

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines