How Long Will It Take an Investment of $10,000 in a Mutual

question 212

Multiple Choice

How long will it take an investment of $10,000 in a mutual fund that consistently earns an annual rate of return of 5% to double in value?

• A) 5 years
• B) 14 years
• C) 70 years
• D) 350 years

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Definitions:

Storing

The process of retaining information over time, an essential aspect of memory that allows individuals to preserve and recall experiences, facts, and knowledge.

Acquiring Information

The process of obtaining knowledge or data from various sources, through reading, observation, or research.

Spreading Activation

A theory in cognitive psychology that suggests ideas in the brain are connected in a network, and thinking about one concept triggers the recall of associated concepts.

Nodes

In network theory, points at which lines or pathways intersect or branch, which can refer to elements in a network or connections in a neural network.