When You Were 26 Years Old, You Received an Inheritance

question 92

Multiple Choice

When you were 26 years old, you received an inheritance of $1,500 from your grandfather. You invested that amount in Nu-Wave stock and have not touched the investment since then. Today, this investment is worth $109,533.59. Nu-Wave stock has earned an average rate of return of 11.3% per year over this time period. How old are you today?

• A) age 57
• B) age 59
• C) age 62
• D) age 64
• E) age 66