A Recent Advertisement in the Financial Section of a Magazine

question 79

Multiple Choice

A recent advertisement in the financial section of a magazine carried the following claim: "Invest your money with us at 14 percent,compounded annually,and we guarantee to double your money sooner than you imagine." Ignoring taxes,how long would it take to double your money at a nominal rate of 14 percent,compounded annually?

• A) 3.66 years
• B) 5.29 years
• C) 7.00 years
• D) 10.24 years
• E) 14.00 years

---

Definitions:

Advertising Copy

The written or textual component of an advertising message that aims to persuade or inform the target audience.

Internet Services

Various services provided over the internet, including web hosting, email, online gaming, and streaming media.

Posttesting

The evaluation of an advertising campaign or marketing strategy after it has been implemented, to assess its effectiveness.

Pretests

Preliminary tests or assessments conducted to evaluate the effectiveness or performance of a product, campaign, or theory before its full-scale implementation.