Using the rule of 72, how long will it take $1,000 to double if you earn 6% interest per year?
A) 7.2 years
B) 12 years
C) 10 years
D) 6 years
E) Cannot calculate with information provided.
B
Business
You might also like to view...
An example of ________ prototyping is building the first airplane of a series and then seeing if it flies before building a second
A) first-of-series B) patched-up C) nonoperational D) selected features
Business
If a company performs services on account, the revenue is not earned until the cash is collected
Indicate whether the statement is true or false
Business