At very high interest rates the "Rule of 72" will result in a small estimation error for the estimate of the time for an investment to double.
Correct Answer:
Verified
Q29: When the annual interest rate stays the
Q30: The present value of a $100 annuity
Q31: For a given discount rate, an ordinary
Q32: An ordinary annuity exists when the equal
Q33: It will take approximately 18.8 years for
Q35: Level cash flow amounts that occur at
Q36: It will take approximately 9.6 years for
Q37: The return provided by a $100 annuity
Q38: An annuity is a series of equal
Q39: At a zero interest rate, the present
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents