CTFA Question #267: Real Exam Question with Answer & Explanation

The correct answer is B. the Rule of 72. See the full explanation below for the reasoning.

Question

You can use to roughly estimate how many years a given sum of money must earn at a given compound annual interest rate in order to double that initial amount.

Options

ARule 415
Bthe Rule of 72
Cthe Rule of 78
DRule 144

Community Discussion

No community discussion yet for this question.

Full CTFA Practice