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.

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