Which statement about the Rule of 70 is NOT true? A. it is a valuable tool for understanding the power of compounding growth rates over time B. it is fairly accurate for small growth rates C. it becomes more accurate over time D. it is an easy way to approximate the number of years it takes for an amount to double in value

Which statement about the Rule of 70 is NOT true? A. it is a valuable tool for understanding the power of compounding growth rates over time B. it is fairly accurate for small growth rates C. it becomes more accurate over time D. it is an easy way to approximate the number of years it takes for an amount to double in value

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter5: National Income Accounting

Section: Chapter Questions

Problem 3E

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