Multiple Choice
Rule of 72 Approximately what interest rate is needed to double an investment over four years?
A) 4 percent
B) 18 percent
C) 25 percent
D) 100 percent
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q38: What annual rate of return is earned
Q44: You are considering an investment that is
Q48: The process of figuring out how much
Q98: How does compounding help build wealth (or
Q99: Why is a dollar worth more today
Q101: Solving for Rates What annual rate of
Q101: When calculating the number of years needed
Q102: Solving for Rates What annual rate of
Q105: A stock investor deposited $3,450 six years
Q142: What is the future value of $2,500