Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule of 72, what will your investment be worth after 16 years?
a. $550
b. $3,960
c. $1,100
d. $797.5
e. $1,200
c
Economics
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Compared to the natives of Northern America, ownership of private property rights was
(a) more common to the Europeans than it was to the natives (b) more common to the Indians than to the Europeans. (c) the same. (d) of no value to either group.
Economics
National income is the sum of:
a. personal income and personal tax payments. b. proprietors' income, rental income, compensation of employees, corporate profits, and interest receipts, net of indirect business taxes and the capital consumption allowance. c. wages, transfer payments, interest paid to businesses, and tax revenue. d. NNP and the capital consumption allowance. e. consumption, investment, government spending, and net exports.
Economics