Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.4 Compound Interest - Concept and Vocabulary Check - Page 520: 12

Answer

True

Work Step by Step

According to the Rule of 72, an investment with an effective annual yield of 12% can double in six years.
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