The Rule of 72

question 76

Multiple Choice

The Rule of 72

• A) can be used to determine the amount of time it takes to double an investment.
• B) is fairly accurate for interest rates between 25 and 50 percent.
• C) states that the time to double your money approximately equals 72/i, where 72 represents the years it takes to double your investment.
• D) None of the above describe the Rule of 72.

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Definitions:

Distribute Minutes

The process of sharing the written record of a meeting, detailing the discussions, decisions, and actions, with all relevant parties.

Encourage Participation

The act of motivating or inspiring individuals to take part in an activity or contribute to a project.

Distribute Agenda

The process of sharing a list of items to be discussed or acted upon in a meeting, ensuring participants are prepared and informed.

Virtual Meetings

Online gatherings facilitated by digital platforms, allowing participants to communicate and collaborate from different locations via the internet.