For Which Growth Rate Would the Rule of 70 Be

question 164

Multiple Choice

For which growth rate would the Rule of 70 be least accurate?

• A) 1%
• B) 15%
• C) 20%
• D) 30%

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Definitions:

Compounded Quarterly

Calculating interest by adding previously earned interest to the principal amount at the end of every quarter, leading to an increase in the interest amount over periods.

Compounded Annually

Interest computed annually on the initial sum as well as on the interest accrued in past periods.

Professional Hockey

A sport involving two teams of skaters using sticks to shoot a puck into the opponent's net, played at a professional level.

Investments

Assets or items acquired with the goal of generating income or appreciation over time.