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

Data information

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