When prices are increasing at a rate of 12 percent,the cost of products would double in about how many years?
A) 24 years
B) 18 years
C) 12 years
D) 6 years
E) 3 years
Correct Answer:
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Q50: As Olivia Wilson plans to set aside
Q51: Future value calculations involve:
A)discounting.
B)add-on interest.
C)compounding.
D)simple interest.
E)an annuity.
Q52: _ goals relate to personal relationships,health,and education.
A)Durable-product
B)Short-term
C)Consumable-product
D)Intangible-purchase
E)Intermediate
Q53: The first step of the financial planning
Q54: Which of the following goals would be
Q56: If you put $500 in a savings
Q57: _ risk refers to the danger of
Q58: The financial planning process concludes with efforts
Q59: Opportunity cost refers to:
A)money needed for major
Q60: The changing cost of money when borrowing
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