Question
Which of the following statements about calculating the number of years needed to grow an investment to a specific amount of money is true? a.
Which of the following statements about calculating the number of years needed to grow an investment to a specific amount of money is true?
| a. | The lower the interest rate, the shorter the time period needed to achieve the growth. | |
| b. | The higher the interest rate, the shorter the time period needed to achieve the growth. | |
| c. | The interest rate has nothing to do with the length of the time period needed to achieve the growth. | |
| d. | The Rule of 72 is the only way to calculate the time period needed to achieve the growth. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Intelligence
Authors: Income Mastery
1st Edition
1647773210, 978-1647773212
