Solved

If You Desire Your Savings to Double in 6 Years,what

Question 16

Multiple Choice

If you desire your savings to double in 6 years,what rate of return would you need to earn?

A) 6 percent
B) 8 percent
C) 9 percent
D) 10 percent
E) 12 percent Rule of 72, 72/x = 6, 6X = 72, 72/6 = 12

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