REVOLT
Tutorial
Pricing
Answers
Edmentum
Ai Humanizer
REVOLT
Tutorial
Pricing
Answers
Edmentum
Humanizer
Answers
OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27
Investment Strategies
Question 3
3
Quiz
Multiple Choice
Investment Strategies
Question 3 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27
Ida is 25 years old and invests a one-time lump sum of $10,000 in her company's 401(k), which earns an average annual return of 6% compounded annually.Using the Rule of 72, about how many years will it take for Ida's investment to double?
Answer
A
2 years
B
6 years
C
10 years
D
12 years
Previous
Question 3
Next
More from this Course
Quiz
10 verified answers
Quiz
Quiz
10 verified answers
Buying Insurance
Quiz
9 verified answers
Quiz