menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Finance Applications and Theory Study Set 2
  4. Exam
    Exam 4: Time Value of Money
  5. Question
    Rule of 72 Approximately What Interest Rate Is Needed to Double
Solved

Rule of 72 Approximately What Interest Rate Is Needed to Double

Question 1

Question 1

Multiple Choice

Rule of 72 Approximately what interest rate is needed to double an investment over six years?


A) 6 percent
B) 12 percent
C) 17 percent
D) 100 percent

Correct Answer:

verifed

Verified

Related Questions

Q2: Compounding with Different Interest Rates A deposit

Q3: A $2 million deposit earns 7 percent

Q4: Which of the following would you prefer?<br>A)$500

Q6: Moving Cash Flows What is the value

Q10: Solving for Rates What annual rate of

Q23: Which is more valuable, receiving $775 today

Q43: You are offered a choice between $770

Q49: You are considering an investment that is

Q95: You deposit $20,000 in an account that

Q127: The interest rate, i, which we use

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