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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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    According to the Rule of 70,if the Interest Rate Is
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According to the Rule of 70,if the Interest Rate Is

Question 38

Question 38

Multiple Choice

According to the rule of 70,if the interest rate is 10 percent,about how long will it take for the value of a savings account to double?


A) about 6.3 years
B) about 7 years
C) about 7.7 years
D) about 10 years

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