What Is the Rate of Return on an Investment of $16,278

question 90

Multiple Choice

What is the rate of return on an investment of $16,278 if the company expects to receive $3,000 peryear for the next 10 years?

• A) 3 percent
• B) 13 percent
• C) 18 percent
• D) 8 percent

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Definitions:

Static Variable

A variable that is shared by all instances of a class in object-oriented programming, and exists independently of any object instances.

SalesTax

A specific percentage added to the price of goods and services that is paid to governing authorities, often used in programming scenarios for financial applications.

Wrapper Classes

Classes in Java that provide a way to use primitive data types (int, char, etc.) as objects.

Boolean

A data type that can only hold the values true or false.