Lakeside Inc

question 184

Multiple Choice

Lakeside Inc. invested $735,000 at an 11.25% rate of return. The company sold their investment for $1,067,425. How much longer would Lakeside have had to wait if they had wanted to sell their investment for $1.25 million?

• A) .98 year
• B) 1.48 years
• C) 1.98 years
• D) 2.31 years
• E) 3.50 years

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Definitions:

Maturity

The state of being fully developed in body or mind, often associated with the capacity to respond to the environment in an appropriate manner.

Internal Bleed

Bleeding within the body that is not visible from the outside, often a serious medical condition requiring immediate attention.

Systolic Blood Pressure

The pressure in the arteries when the heart beats and fills them with blood, the first number in a blood pressure reading.

Reflection

The process of introspection, contemplating one’s thoughts and feelings, or the examination of a past event.