If You Are Able to Earn an 8% Rate of Return

question 4

Multiple Choice

If you are able to earn an 8% rate of return what amount would you need to invest to have $30000 one year from now?

• A) $27747
• B) $27778
• C) $27273
• D) $29700

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Definitions:

Desert Feature

Characteristics or remarkable landmarks found in desert landscapes, such as dunes, oasis, or rock formations.

Manganese Oxides

Compounds of manganese with oxygen, often found as minerals that can form in soils and sedimentary rocks.

Calcium Carbonate

A chemical compound with the formula CaCO3, found in rocks as the minerals calcite and aragonite and is the main component of pearls and the shells of marine organisms, snails, and eggs.

Caliche

A soil-related accumulation of calcareous material that cements sand, gravel, and other materials, commonly forming a hard layer.