Mr Fish Wants to Build a House in 10 Years

question 21

Multiple Choice

Mr. Fish wants to build a house in 10 years. He estimates that the total cost will be $170,000. If he can put aside $10,000 at the end of each year, what rate of return must he earn in order to have the amount needed?

• A) between 11% and 12%
• B) between 8% and 9%
• C) 17%
• D) none of the other answers are correct

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Definitions:

Providers

Entities or individuals that offer a range of services or goods to consumers or other businesses.

Medications

Substances used to diagnose, treat, cure, or prevent disease and relieve symptoms in humans or animals.

Primary Care Service

Healthcare services that provide patients with their first point of contact in the healthcare system, addressing a wide range of health concerns.

Childhood Immunizations

Vaccinations given to children to protect them against serious and potentially fatal infectious diseases.