The 'Rule of 72' Tells You Approximately How Long It

question 29

True/False

The 'Rule of 72' tells you approximately how long it takes for money invested at a given rate of compound interest to double in value.

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Definitions:

Relative Distribution

A measure of how income or wealth is shared among individuals or groups within a society.

Income

A flow of money to households.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the proportion of the population living in poverty.

Hispanics

People from, or descendants of, Spanish-speaking populations, primarily found in Latin America and the United States.