How Long in Years Will It Take for a Mutual

question 43

Multiple Choice

How long in years will it take for a mutual fund investment of $25,000 to reach $250,000 if the fund pays 12% per year?

• A)20.3178 years
• B)2)03178 years
• C)10.65 years
• D)The time cannot be determined with information provided.

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Definitions:

Technological Changes

Alterations or advancements in technology that impact how activities are performed, potentially leading to increased efficiency, new products, or disruptions in industries.

Social Concerns

Issues related to the well-being and equitable treatment of society at large, including topics like poverty, education, and public health.

Demographic Trends

Observed patterns in the demographic characteristics of populations over time, including changes in age, income, migration, and family structure.

Knowledge Workers

Workers whose responsibilities extend beyond the physical execution of work to include planning, decision making, and problem-solving.