Kim and Doug Richards Are Making a Gift to the College

question 2

Multiple Choice

Kim and Doug Richards are making a gift to the college they both attended.They met and were married there,as well.They plan to make a $1 million gift,from which they will draw $150,000 of annual income for five years.At the end of the fifth year,the balance of the investment,$500,000,will go to the college.What return does the college need to achieve in order to meet the financial goal of $500,000?

• A)6.01 percent.
• B)6.16 percent.
• C)8.21 percent.
• D)9.63 percent.

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Definitions:

Temporal lobe

A region of the brain responsible for processing auditory information and is involved in understanding language, and storing new memories.

Auditory stimuli

Sounds or noises that provoke a response or reaction from the auditory system.

Brain

An organ of the central nervous system where most functions of control and processing happen.

Reflex

A predictable automatic response to stimuli.