According to the Rule of 70, a Stock Portfolio Growing

question 109

Multiple Choice

According to the rule of 70, a stock portfolio growing at a rate of 3.5% will double approximately every ______ years.

• A) 5
• B) 10
• C) 20
• D) 40

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Definitions:

Service Business

A business model focused on delivering non-physical products or services to its consumers.

Overhead

The indirect costs or expenses associated with operating a business, including administrative, office, and rented space expenses.

Materials Ledger

A record of the quantity and value of materials on hand, received, and issued during a period.

Subsidiary Ledger

A detailed ledger that supplements a general ledger by providing detailed information for individual accounts, such as accounts payable or receivable.