Approximately What Interest Rate Is Needed to Double an Investment

question 30

Multiple Choice

Approximately what interest rate is needed to double an investment over eight years?

• A) 8 percent
• B) 9 percent
• C) 12 percent
• D) 100 percent

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Definitions:

Industrial Distributor

A company that buys products directly from manufacturers and sells them to businesses or retail consumers.

Marketing Channel Functions

Activities involved in moving goods from producers to consumers, including distribution, promotion, and price setting.

Product Assortment

The variety and mix of products that a retailer offers to its customers.

Traditional Marketing Channels

Refers to the paths or routes through which goods and services flow from the producer to the consumer, typically including print media, television, radio, and face-to-face sales.