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 100

Question 100

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

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

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