Dividing the Number Seventy-Two by an Interest Rate Yields

question 105

Multiple Choice

Dividing the number seventy-two by an interest rate yields

• A)the annual payment required to pay off a loan at that interest rate.
• B)the number of years it would take an investment to double in value.
• C)a good measure of the level of risk in the investment proposal.
• D)all of these options are correct.

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Definitions:

Speaker

A term with multiple meanings; in a legislative context, it typically refers to the presiding officer in a legislative body, such as the Speaker of the House in the U.S. Congress.

Committees

Subgroups within legislative bodies, organized around specific topics, responsibilities, or issues, tasked with conducting hearings, drafting legislation, and overseeing government operations related to their focus areas.

House

Refers to a legislative chamber, often the lower house in a bicameral system, such as the House of Representatives in the United States Congress.

Budget

An itemized summary of estimated or intended expenditures and revenues for a given period, often used by governments, businesses, and individuals to manage finances.