If $11,000 Had Been Invested in the Fictious Fund on June

question 56

Multiple Choice

If $11,000 had been invested in the Fictious Fund on June 30, 1991, then on June 30, 2000 the investment would have been worth $34,575.25. What interest rate compounded annually would this investment have earned? Round your answer to two decimal places. ​

• A)27.14%
• B)13.57%
• C)11.27%
• D)15.33%
• E)6.79%

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Definitions:

Living Will / Advanced Directives

Legal documents that allow individuals to outline their preferences for medical treatment in case they are unable to make decisions for themselves in the future.

Medical Wishes

An individual's preferences concerning medical treatment and interventions, often expressed in advance directives.

Lifesaving Measures

Emergency procedures or actions taken to prevent someone from dying, often applied in medical emergencies.

Medical Durable Power Of Attorney

A legal document that grants an agent the authority to make healthcare decisions on behalf of the principal if they become incapacitated.