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    Exam 3: Understanding and Appreciating the Time Value of Money
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    By the Rule of 72,what Annual Interest Rate Would Be
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By the Rule of 72,what Annual Interest Rate Would Be

Question 52

Question 52

Multiple Choice

By the Rule of 72,what annual interest rate would be required to turn $100 into $200 in approximately six years?


A) 4%
B) 8%
C) 12%
D) 16%

Correct Answer:

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