TYPE ANSWERS 1. Know the basic concept of investing, why investing is important, and the idea that money...

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Finance

TYPE ANSWERS
1.
Know the basic concept of investing, why investing is important,and the idea that money can work for you
Understand and be able to apply the basic rule of 72
Be familiar with the different types of investing, as well asrisks associated with investing
Explain the relationship between risk and return, identifydifferent investments and the associated risk and
return with each

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The basic concept of investing is to invest money in financial instruments or real estate to enable these assets to grow in value over time such that by postponing consumption of money we are able to get a larger sum of money tomorrow The rule of 72 states that the money doubles See Answer

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TYPE ANSWERS1.Know the basic concept of investing, why investing is important,and the idea that money can work for youUnderstand and be able to apply the basic rule of 72Be familiar with the different types of investing, as well asrisks associated with investingExplain the relationship between risk and return, identifydifferent investments and the associated risk andreturn with each