You Double Your Money in 5 Years

question 34

Multiple Choice

You double your money in 5 years. The reason your return is not 20 percent per year is because:

• A)it is probably a "fad" investment.
• B)it does not reflect the effect of discounting.
• C)it does not reflect the effect of the Rule of 72.
• D)it does not reflect the effect of compounding.

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Definitions:

Campaign

Organized efforts to achieve a specific goal, often used in contexts such as marketing, political movements, or social awareness initiatives.

Territory Acquisition

The process or act of obtaining new lands or jurisdictions, often through purchase, conquest, annexation, or treaty, to expand the geographical bounds or influence of a state or nation.

Polk

James K. Polk, the 11th President of the United States (1845-1849), known for his expansionist policy, including the annexation of Texas and the acquisition of territories following the Mexican-American War.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, valued for promoting mutual respect and understanding.