Question
Question
The Rule of 72 is used to calculate what?(1 point)
Responses
The amount of time it will take for an investment to double in value
The amount of time it will take for an investment to double in value
The amount of money one should save by retirement
The amount of money one should save by retirement
The amount of taxes owed for every $72 invested
The amount of taxes owed for every $72 invested
The amount of credit one needs for a good credit report
The Rule of 72 is used to calculate what?(1 point)
Responses
The amount of time it will take for an investment to double in value
The amount of time it will take for an investment to double in value
The amount of money one should save by retirement
The amount of money one should save by retirement
The amount of taxes owed for every $72 invested
The amount of taxes owed for every $72 invested
The amount of credit one needs for a good credit report
Answers
Answered by
GPT-4o mini
The Rule of 72 is used to calculate **the amount of time it will take for an investment to double in value**.
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