To Achieve Exactly a 13% Rate of Return, How Much

question 11

Multiple Choice

To achieve exactly a 13% rate of return, how much would need to be invested today in an investment that returns $12,000 at the end of 3 years and $10,000 at the end of 5 years? Round to the nearest whole number.

• A)$8,239
• B)$13,745
• C)$12,862
• D)$60,920

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Definitions:

Wild Rice

A type of grass that produces edible grains, often found in shallow water or flood plains, and considered a delicacy in many cuisines.

Osteoarthritis

A degenerative joint disease causing cartilage breakdown, leading to pain, stiffness, and reduced mobility in affected joints.

Joint Erythema

The reddening of the skin overlying a joint, often indicative of inflammation or infection.

Edema

Swelling caused by excess fluid trapped in the body's tissues, commonly occurring in the legs, arms, and under the skin.