Using the Rule of 72, approximately how long will it take to double your money if you invest it at 8% compounded annually?
A) 6 months
B) 9 months
C) 6 years
D) 9 years
E) It depends on the amount of the initial investment.
D) 9 years
Business
You might also like to view...
The main points in a speech should meet which of the following criteria?
A) establish a direct connection with the central idea B) be stated as complete sentences C) include balanced information D) all of the above
Business
What are the five internal control components described in the COSO framework?
Business
Into which quadrant of the BCG matrix does Fun-Spot fall?
A) star B) question mark C) profit center D) target E) dog
Business
Service industries should focus primarily on preliminary and ______ control.
a. damage b. concurrent c. feedforward d. rework
Business