Approximately What Interest Rate Is Needed to Double an Investment

question 26

Multiple Choice

Approximately what interest rate is needed to double an investment over four years?

• A) 4 percent
• B) 18 percent
• C) 25 percent
• D) 100 percent

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Definitions:

Existential Crisis

A moment at which an individual questions if their life has meaning, purpose, or value, sometimes leading to depression or anxiety.

Specific Phobias

Intense, irrational fears of specific objects or situations, significantly impacting an individual's daily life.

Immediate Response

Refers to the instant reaction or reply to a stimulus or situation without delay.

Specific Threat

A clearly defined danger that is immediate, such as a direct threat to someone's safety.