Examlex
Which statement about proportionality is true?
Future Value
The predicted amount of money that a current investment will grow to at a certain future date, based on an assumed rate of growth or interest rate.
Interest
Interest is the charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
Rule of 70
A formula to estimate the number of years required to double the value of something at a constant growth rate, calculated as 70 divided by the growth rate.
Interest
The cost incurred for the benefit of borrowing funds, usually presented as a yearly percentage rate.
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