Approximately How Many Years Does It Take to Double a $475

question 15

Multiple Choice

Approximately how many years does it take to double a $475 investment when interest rates are 8 percent per year?

• A) 18 years
• B) 12 years
• C) 9 years
• D) 4.75 years

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Definitions:

Online Auction

A digital marketplace where buyers bid on items or services over the internet, and the highest bidder wins.

Online Retail Purchases

Purchases of goods and services made over the internet.

Direct Selling

A retail channel for selling products or services directly to consumers in a non-retail environment, usually through personal sales presentations at home or in the workplace.

Avon

Avon is a direct-selling company specializing in beauty, household, and personal care products.