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What's the rule of 72? - Answer- How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? - Answer- A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the business. T/F f you start a busine...

What is a charge card? - ️️- Issued by a retailer allowing you to charge purchases made only with their store - store credit usually carries high rates or interest as high as 20 - 30% on unpaid balances What is prepaid card? - ️️- Offered by banks and non- banks - not linked to one's bank account - entails high fees and interest What is interest - ️️THE COST OF MONEY - paid by the borrower to obtain the used of the principal or received by the lender for providing the pri...

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