According to the Rule of 72,you Can Do Which One

question 64

Multiple Choice

According to the Rule of 72,you can do which one of the following?

• A)double your money in five years at 7.2 percent interest
• B)double your money in 7.2 years at 8 percent interest
• C)double your money in 5 years at 14.4 percent interest
• D)triple your money in 7.2 years at 5 percent interest
• E)triple your money at 10 percent interest in 7.2 years

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Definitions:

5th Wheel Pivot Pins

5th Wheel Pivot Pins are critical components in the coupling mechanism of a tractor-trailer, allowing the fifth wheel plate to pivot as the trailer moves, ensuring smooth turning and maneuverability.

Profitability Index

A calculation used to assess the desirability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Internal Rate Of Return

A financial metric used to estimate the profitability of potential investments by calculating the discount rate that makes the net present value of all cash flows equal to zero.