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Which of the following statements about the Rule of 7 2 is not true? Question 1 0 options: It is a mathematical approximation for the
Which of the following statements about the Rule of is not true?
Question options:
It is a mathematical approximation for the number of years required to double an investment.
It illustrates the power of a discounted rate.
It can be used to approximate the interest rate needed to double an investment for a specified amount of time.
None of theses choices are true.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
