John Madrid Put $1,000 into a Mutual Fund Yielding an 18

question 106

Multiple Choice

John Madrid put $1,000 into a mutual fund yielding an 18% annual rate of return.Using the Rule of 72,calculate approximately how long it will take for the investment to double in value.

• A)Three years,four months
• B)Three years and seven months
• C)Four years
• D)Four years and four months
• E)Five years

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Definitions:

Computer Assisted Personal Interviewing (CAPI)

A method of conducting surveys using a computer or tablet to facilitate the questionnaire, often allowing for immediate data entry and processing.

Synchronous Environments

Digital or virtual spaces where interactions happen in real-time, allowing participants to engage simultaneously.

Computer Assisted Telephone Interviewing (CATI)

A method of survey data collection where an interviewer uses a computer system to guide the interview and directly enter responses.

Computer Assisted Personal Interviewing (CAPI)

A method of collecting survey data where an interviewer uses a computer or tablet to directly enter the responses of the interviewee.