The Rule of 72 Is

question 63

Multiple Choice

The Rule of 72 is:

• A) A tool to determine the number of years until retirement for an employee
• B) Used to estimate how long it takes for prices to double using a given annual inflation rate
• C) The legal code for requiring companies to provide a match on retirement savings
• D) Used to calculate interest rates for savings
• E) The number of steps required to complete a financial plan

---

Definitions:

Kohlberg's dilemmas

Moral dilemmas used by Lawrence Kohlberg in his research to study moral reasoning and the development of moral judgment across different stages of human life.

Cross-cultural studies

Research aimed at comparing cultural practices, values, and psychological processes across different cultures to understand cultural influences on behavior and cognition.

Moral reasoning

The process by which individuals think about, analyze, and assess the principles and reasons behind their ethical judgments and behaviors.

Moral principles

Fundamental guidelines or rules about what is considered right and wrong that govern individuals' behavior and interactions.