Test Your Knowledge – Question 11
What is the “Rule of 72” used to estimate? 1. The interest rate needed to double an investment 2. The
What is the “Rule of 72” used to estimate? 1. The interest rate needed to double an investment 2. The
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What is compounding in the context of saving and investing? 1. The process of only earning interest on your original
Our Institutional Investing program partners with churches and ministry organizations with the goal of maximizing returns on funds set aside
Which of the following statements is a benefit of using a 529 plan to save for college? 1. Funds can
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If your credit card is stolen and the thief makes purchases totaling $1,500, but you notify the card issuer as
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What are the three types of expenses in a personal or household budget? 1. Housing, Utilities, Food 2. Bills, Needs,