ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The measure of how long it takes your investment to double.
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Compound Interest
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Rule of 72
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Simple Interest
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Interest Rate
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Explanation:
Detailed explanation-1: -The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself.
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