The Rule of 72 Is a Rule of Thumb for Estimating

question 90

True/False

The Rule of 72 is a rule of thumb for estimating the interest rate necessary to double your money,given a period of time.

---

Definitions:

Founder

An individual who establishes and builds an organization or a company from the ground up.

Public Company

A corporation whose shares are publicly traded on stock exchanges, allowing for widespread ownership among general investors.

Advantages

Competitive benefits or strengths that a business has over its competitors, which can be leveraged for success.

Impatience

A lack of patience or an eagerness to act or get results quickly, often without waiting for the natural course of events.