The Rule of 72 can be used to quickly estimate interest rates necessary to double your money in a given time period without the use of a spreadsheet or calculator. However, the rule does NOT work for estimating growth rates
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: The Rule of 72 works for any rate of change, not just interest rate returns.
Business
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The ____ reason for the layoffs was to save money
A) principal B) principle
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Conflict is normal during which stage in developing a team?
A. forming B. storming C. performing D. transforming
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JKE, Inc. has a break-even sales level of $10,000,000 and has fixed costs of $4,000,000 per year. The selling price
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Business