RULE OF 72

Who is the creator of the Rule of 72?

• Lieutenant Commander Cruz

• Bill Gates

• Elon Musk

• Albert Einstein

Which of the following is the formula for the Rule of 72?

• Time Divided by 72 Equals the Interest Rate

• 72 Divided by Interest Rate Equals the Time to double your money

• Interest Rate Multiplied by 72 Equals the time to double your money

• Your money deposit divided by 72 Equals the time to double your money

Which investment/savings tool would yield the most interest back to you?

• Savings account

• Bonds

• Certificates of Deposit

• Stocks

Which statement is NOT TRUE in regard to banks?

• They pay attractive interests rates in their savings and checking accounts

• They pay very little in interest rates

• They charge you to use your own money

• They make insane amounts of money lending your money to other people

Which of the following investment(s) is/are best suited to double up your money in the least amount of time?

• Mutual Funds

• Stocks

• Certificates of Deposit

• Savings Accounts

• Checking accounts

If I invest $20,000 in a Certificate of Deposit that pays 3% interest, how many years till I double up my money?

• 5

• 12

• 24

• 36

If I invest $10,000 in a Stock that pays 12% interest at the age of 18, at what age will I see my money double up?

• 24

• 23

• 22

• 21

If I invest $100,000 in a Stock that pays 12% interest at the age of 18, at what age will I see my money double up the second time around?

• 29

• 30

• 31

• 32

If I invest $10,000 in a Mutual Fund that pays 6% interest at the age of 18, how much money will I have by the age of 30?

• $15,000

• $17,000

• $19,000

• $20,000

What interest rate is required to double $4,000 in 9 years?

• 7%

• 9%

• 10%

• 8%