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.

Recognize the myths and effective practices of proofreading techniques.

Identify the issues involved in distributing messages effectively.

Understand the impact of team dynamics on proofreading and writing processes.

Comprehend the role of deadlines and project timelines in document management.

---

Definitions:

Value Creation

The process by which goods or services are provided that offer value to customers, thereby generating benefit to the producer or provider.

Comparative Advantage

a principle of economics that states a country or entity should produce goods and services for which it has a lower opportunity cost than its trade partners.

Specialization

involves focusing on a narrow range of products or services to gain efficiency and improve competitive advantage.

Exchange

The act of giving one item in return for another, often seen in finance and trade as the swapping of goods, services, or financial instruments.