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  3. Study Set
    Personal Finance Study Set 5
  4. Exam
    Exam 1: Personal Finance Basics and the Time Value of Money
  5. Question
    When Prices Are Increasing at a Rate of 6 Percent,the
Solved

When Prices Are Increasing at a Rate of 6 Percent,the

Question 2

Question 2

Multiple Choice

When prices are increasing at a rate of 6 percent,the cost of products would double in about how many years?


A) 7.2 years
B) 10 years
C) 6 years
D) 12 years
E) 18 years

Correct Answer:

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