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1. Using the Rule of 72, how long will it take for prices to double if the rate of inflation averages 3% per year?

2. Your friend borrowed $500 and repaid $700 six years later. What was your compound annual rate of return?

3. In any economy as a whole, the level of saving for a given period of time must ______ the level of investing

a. be greater than

b. be unrelated to

c. equal

d. be less than

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Financial Management, Finance

Category:- Financial Management
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