This Helpful Investment Rule-Of-Thumb Tells You Approximately How Many Years

question 65

Multiple Choice

This helpful investment rule-of-thumb tells you approximately how many years it takes for a sum of money to double in size.

• A) rule of compound interest
• B) rule of 72
• C) rule of 100
• D) rule of future value
• E) rule of annuity doubling

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Definitions:

Individual Creativity

The ability of a person to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating, and entertaining.

Team Creativity

The collective ability of a group to generate novel and useful ideas or solutions to problems.

Classical Decision Model

The classical decision model is a theoretical approach to decision-making that assumes individuals have access to all necessary information, can objectively evaluate options, and will make rational choices maximizing outcomes.

Behavioral Decision Model

A framework describing how individuals make decisions based on their perceptions, attitudes, and possible behaviors.