When Calculating the Number of Years Needed to Grow an Investment

question 101

Multiple Choice

When calculating the number of years needed to grow an investment to a specific amount of money

• A) the lower the interest rate, the shorter the time period needed to achieve the growth.
• B) the higher the interest rate, the shorter the time period needed to achieve the growth.
• C) the interest rate has nothing to do with the length of the time period needed to achieve the growth.
• D) the Rule of 72 is the only way to calculate the time period needed to achieve the growth.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.