AG Financial Limited Recently Advertised the Following Claim: Invest Your

question 1

Multiple Choice

AG Financial Limited recently advertised the following claim: Invest your money with us at 21%,compounded annually,and we guarantee to double your money sooner than you imagine.Ignoring taxes,how long would it take to double your money at a nominal rate of 21%,compounded annually? Round off to the nearest year.

• A)Approximately two years
• B)Approximately four years
• C)Approximately six years
• D)Approximately eight years

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Definitions:

Divergent Thinking

An approach or technique employed to produce inventive ideas through the investigation of numerous potential answers.

Average IQ

A statistical measure that represents the intelligence level of an individual relative to the population, with the average typically set at a score of 100.

Lewis Terman

An American psychologist best known for his work on intelligence testing and the Stanford-Binet IQ test.

Intelligence Testing

The measurement and assessment of an individual's mental capacity and cognitive abilities through structured tests.