Multiple Choice
The Rule of 72 is:
A) A tool to determine the number of years until retirement for an employee
B) Used to estimate how fast prices will double using a given annual inflation rate
C) The legal code for requiring companies to provide a match on retirement savings
D) Used to calculate interest rates for savings
E) The number of steps required to complete a financial plan
Correct Answer:
Verified
Correct Answer:
Verified
Q42: Opportunity cost refers to<br>A) Money needed for
Q43: The 'borrowing' component in a financial plan
Q44: A savor or an investor should expect
Q45: $500 on deposit at 6% for 6
Q46: Present value computations are also referred to
Q48: The time value of money refers to<br>A)
Q49: A financial plan can only be created
Q50: Tim Taylor received a $500 gift from
Q51: If you want $1,000 three years from
Q52: Jim Johnson was laid off from his