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For Which Growth Rate Would the Rule of 70 Be

question 164

Multiple Choice

For which growth rate would the Rule of 70 be least accurate?

Calculate the additional amount needed to be deposited or saved today to reach a future financial goal under varying interest rates.
Determine the present value of future cash flows to make informed investment decisions.
Understand and apply the concept of annual raises to predict future salary based on current salary and raise percentage.
Calculate how inflation affects the future cost of items.

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