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    Exam 7: Interest Rates and Present Value
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    Using the Rule of 72, How Long Will It Take
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Using the Rule of 72, How Long Will It Take

Question 71

Question 71

Multiple Choice

Using the Rule of 72, how long will it take something growing at 3% per year to double


A) 100 years.
B) 72 years.
C) 24 years.
D) 216 years.

Correct Answer:

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