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Using the Rule of 70,about How Much Would $100 Be

question 158

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Using the rule of 70,about how much would $100 be worth after 50 years if the interest rate were 7 percent?


Definitions:

Concept

An abstract idea or general notion that represents something.

Buyer

A person or entity that purchases goods or services from another; the purchaser in a transaction.

Arbitration

A type of alternative dispute resolution wherein disputes are submitted for resolution to private non-official persons selected in a manner provided by law or the agreement of the parties.

Dispute Resolution

The process of resolving disagreements between parties through negotiation, mediation, arbitration, or legal proceedings.

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