The Rule of 72 Is a Simple Mathematical Approximation for

question 121

Multiple Choice

The Rule of 72 is a simple mathematical approximation for

• A) the present value required to double an investment.
• B) the future value required to double an investment.
• C) the payments required to double an investment.
• D) the number of years required to double an investment.

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Definitions:

Water Table

The level below which the ground is saturated with water, marking the boundary between the soil surface and groundwater.

Stalactites

Icicle-shaped formations that hang from the ceiling of a cave, formed by the deposition of minerals from water dripping down.

Calcium Carbonate

A chemical compound, CaCO3, found in rocks such as limestone, chalk, and marble, and is the main component of pearls and the shells of marine organisms.

Sedimentary Rock

Rock formed by the accumulation and compaction of sediment, which can include minerals, organic matter, or the remains of organisms.