Which of the Following Provides an Estimate of How Long

question 30

Multiple Choice

Which of the following provides an estimate of how long it will take you to double your money?

• A) Rule of 72.
• B) Compounding interest.
• C) APR.
• D) APY.

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Definitions:

Net Income

The net earnings of a business once all costs, taxes, and interest payments are subtracted from its overall income.

Investing Activities

Financial transactions involving the purchase and sale of long-term assets and other investments, reflected in a company's cash flow statement.

Six-Month Note

A short-term financial instrument that matures or is due for payment within six months from the date it was issued.

Operating Activities

Activities directly related to the operation of the business, including production, sales, and delivery of the company's product.