Bruno Deposited $7,500 into an Investment Account and Seven Years

question 119

Multiple Choice

Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually?

• A) 45.5%
• B) 6.5%
• C) 6.0%
• D) 5.5%

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Definitions:

Compensation

The payment and benefits that employees receive in exchange for their work, including salaries, wages, bonuses, and benefits.

Balanced Scorecard

A system for strategic planning and management that helps align organizational activities with its vision and strategy, enhances communication within and outside the organization, and tracks the organization's performance in relation to its strategic objectives.

Easily Manipulated

Refers to data or variables that can be quickly and often unethically altered or influenced.

Reliable

A characteristic indicating that something is consistently good in quality or performance; dependable.