If You Desire Your Savings to Double in 6 Years,what

question 16

Multiple Choice

If you desire your savings to double in 6 years,what rate of return would you need to earn?

• A)6 percent
• B)8 percent
• C)9 percent
• D)10 percent
• E)12 percent Rule of 72, 72/x = 6, 6X = 72, 72/6 = 12

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Definitions:

Nitrogen

A chemical element with symbol N and atomic number 7, essential for life's building blocks like amino acids, proteins, and nucleic acids.

Carbon

A chemical element with symbol C, essential as the basis for all known living organisms, and forming the basis of organic chemistry.

Enzymes

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Magnesium

A chemical element with the symbol Mg, crucial for human health and various biological processes.