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    Principles of Macroeconomics Study Set 8
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    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
  5. Question
    According to the Rule of 70,if the Interest Rate Is
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According to the Rule of 70,if the Interest Rate Is

Question 130

Question 130

Multiple Choice

According to the rule of 70,if the interest rate is 5 percent,how long will it take for the value of a savings account to double?


A) about 3.5 years
B) about 6.3 years
C) about 12 years
D) about 14 years

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