At an Effective Interest Rate of 12%, a Single Sum

question 176

Multiple Choice

At an effective interest rate of 12%, a single sum invested today will double itself in approximately:

• A) 8 years.
• B) 12 years.
• C) 6 years.
• D) insufficient data to determine answer.

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Definitions:

Cirrhosis

A chronic liver disease marked by degeneration of liver tissue, often caused by long-term alcohol abuse or hepatitis infection.

Hypotension

A medical condition characterized by blood pressure that is lower than normal, which can cause symptoms like dizziness and fainting.

Strenuous Exercise

Physical activity that requires significant effort and energy, often leading to a high level of fatigue.

Glomerular Damage

Injury or harm to the glomeruli, the tiny filtering units within the kidneys, impacting their ability to filter blood.