If You Initially Deposit $10,000 and Contribute $1,000 Per Month

question 333

Multiple Choice

If you initially deposit $10,000 and contribute $1,000 per month for five years to a plan in order to accumulate $100,000, what rate of return will be required to make this happen?

• A) 10.05%
• B) 11.05%
• C) 12.05%
• D) 13.05%
• E) 14.05%

Differentiate between preterm and full-term infants in terms of development and care needs.

Understand the distinctions between unilateral and mutual mistakes in contracts.

Recognize different forms of misrepresentation and their legal implications.

Identify and understand the legal concepts of duress and undue influence in contractual agreements.

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Definitions:

Profit

The financial gain obtained when the revenues earned from business activities exceed the expenses, taxes, and costs associated with sustaining the activity.

Consent

Permission or assent to conduct that would otherwise constitute a tort such as assault and battery; can be expressed or implied; informed consent constitutes a defence to torts such as assault and battery.

Purchasing Agent

A professional responsible for acquiring goods or services for their employer through negotiating price and terms.

Delivery Driver

An individual responsible for transporting goods from one place to another.