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fin036
General information
| Question text: | Suppose you owe $1,000 on a loan and the interest rate you are charged is 20% per year compounded annually. If you didn’t pay anything off, at this interest rate, how many years would it take for the amount you owe to double? |
| Answer type: | Radio buttons |
| Answer options: | 1 Less than 2 years 2 At least 2 years but less than 5 years 3 At least 5 years but less than 10 years 4 At least 10 years 98 Don’t know |
| Label: | number of years until owed double |
| Empty allowed: | One-time warning |
| Error allowed: | Not allowed |
| Multiple instances: | No |