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The "Rule of 72" States That Invested Money Doubles in Value

Question 23

Multiple Choice

The "rule of 72" states that invested money doubles in value if the product of the interest rate (in percentage form) and time invested (in years) equals 72.Assuming continuous compounding,at least what must the product be for money to triple?


A) 90
B) 100
C) 110
D) 120

Correct Answer:

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