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.

---

Definitions:

Electroconvulsive Therapy

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.

Depression

A psychiatric condition marked by ongoing feelings of sadness or a lack of enjoyment in activities, significantly hindering everyday functioning.

Cognitive-Behavioral Therapies

A group of psychotherapeutic approaches that treat problems by modifying dysfunctional emotions, behaviors, and thoughts.

Schizophrenia

A severe mental disorder characterized by delusions, hallucinations, disorganized speech, and impaired cognitive function.