When Calculating the Number of Years Needed to Grow an Investment

question 101

Multiple Choice

When calculating the number of years needed to grow an investment to a specific amount of money

• A) the lower the interest rate, the shorter the time period needed to achieve the growth.
• B) the higher the interest rate, the shorter the time period needed to achieve the growth.
• C) the interest rate has nothing to do with the length of the time period needed to achieve the growth.
• D) the Rule of 72 is the only way to calculate the time period needed to achieve the growth.

---

Definitions:

Unionized Workers

Workers belonging to a labor union that advocates for their rights in discussions with employers.

Avoid Dealing

The practice of not engaging or communicating with certain parties or issues, often as a strategy to prevent conflict or because the topics are deemed unsolvable or too sensitive.

Norris-LaGuardia Act

A 1932 U.S. federal law that restricted employers' power to prevent unionization and limited the issuance of injunctions in labor disputes.

Federal Courts

Courts established by the federal government of a country, in the United States, for instance, they have the authority to rule on legal disputes based on constitutional and federal law.