At an Annual Interest Rate of 10 Percent,about How Many

question 1

Multiple Choice

At an annual interest rate of 10 percent,about how many years will it take $100 to triple in value?

• A)8
• B)10
• C)12
• D)14

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Definitions:

Historical Cost

The original monetary value of an economic item. Historical cost is based on the stable measuring unit assumption.

Capital Stock

The amount of ownership shares of a company, including both common and preferred stock, authorized and issued to investors.

Stated Value

An arbitrary value assigned to a company's share that does not have a par value, used for accounting purposes.

Market Value

The present cost at which a service or asset is available for buying or selling in the market.