What does the rule of 72 show as an approximate number of years?
A) the time to double when compounded annually
B) the time to double when compounded semi-annually
C) the time to double when compounded monthly
D) the time to triple when compounded annually
Correct Answer:
Verified
Q5: What does inflation represent?
A) a discount value
B)
Q6: What represents the receipt of money generated
Q7: What tables are used to calculate the
Q8: What two key concepts are involved in
Q9: What term refers to a constant flow
Q11: What is the amount to which a
Q12: What term refers to the process of
Q13: What is the definition of an annuity?
A)
Q14: What type of interest is applied to
Q15: What calculation determines the approximate number of
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