If You Presently Have $50,000 Saved and Earn 15 Percent

question 180

Multiple Choice

If you presently have $50,000 saved and earn 15 percent interest per year,about how many years will it take for your investment to triple?

• A)6
• B)8
• C)10
• D)12

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Definitions:

Department of Labor

A government department responsible for overseeing federal labor laws regarding workers' rights, working conditions, wage standards, unemployment insurance, and employment statistics.

Federal Mediation

Involves intervention by a government agency to facilitate negotiation between conflicting parties, such as in labor disputes, to reach an agreement.

Taft-Hartley Act

A 1947 U.S. federal law that restricted the activities and power of labor unions, formally known as the Labor Management Relations Act.

Mandatory Mediation

A required process where a neutral third party helps disputing parties to reach a voluntary agreement on their conflict.