If a 14% Rate of Return Can Be Achieved, How

question 89

Multiple Choice

If a 14% rate of return can be achieved, how much will need to be invested today in order to receive $12,000 at the end of 3 years plus $10,000 at the end of 5 years? Round to the nearest whole number.

• A)$33,053
• B)$5,194
• C)$11,426
• D)$13,294

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Definitions:

Single People

Individuals who are not currently in a marital or committed romantic relationship, often focusing on personal, social, or career aspects of life independently.

Carefree

Lacking serious worries, responsibilities, or duties; possessing a light-hearted and untroubled outlook.

Stereotypes

Widely held but fixed and oversimplified images or ideas about a particular type of person or thing, which can influence perceptions and behavior.

Intimate Partner Violence

Physical, sexual, emotional, or psychological harm by a current or former partner or spouse, regardless of the presence of a sexual relationship.