Using the "Rule of 72," About How Long Will It

question 51

Multiple Choice

Using the "Rule of 72," about how long will it take a sum of money to double in value if the annual interest rate is 9 percent?

• A) 9 years
• B) 7 years
• C) 8 years
• D) 10 years

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Definitions:

Moving Averages

A method used in technical analysis that smooths out price data by creating a constantly updated average price over a specific time period.

Trend Indicators

Technical analysis tools used to identify and follow the direction of market or asset price trends.

Moving Average

A statistical measure used in analyzing time series data, specifically to smooth out short-term fluctuations and highlight longer-term trends.

Market Momentum

The tendency of a market to continue moving in a particular direction over time, often influenced by investor sentiment and recent price trends.