​What's the Rate of Return You Would Earn If You

question 80

Multiple Choice

​What's the rate of return you would earn if you paid $950 for a perpetuity that pays $85 per year?

• A)​8.95%
• B)​9.39%
• C)​9.86%
• D)​10.36%
• E)​10.88%

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Definitions:

Middle Border

Refers to the central states of the United States during the 19th century, often considered the region between the Mississippi River and the Rocky Mountains.

Cash Crop

A type of crop grown primarily for sale to others rather than for personal or local consumption, often for profit.

Homestead Act

1862 law that authorized Congress to grant 160 acres of public land to a western settler, who had to live on the land for five years to establish title.

Jacob Riis

A Danish-American social reformer, journalist, and photographer known for highlighting the dire conditions of the urban poor.