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    Principles of Macroeconomics Study Set 8
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    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
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    At an Annual Interest Rate of 10 Percent,about How Many
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At an Annual Interest Rate of 10 Percent,about How Many

Question 1

Question 1

Multiple Choice

At an annual interest rate of 10 percent,about how many years will it take $100 to triple in value?


A) 8
B) 10
C) 12
D) 14

Correct Answer:

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