For the Given Investment, Assume That There Is No Opportunity $$\begin{array} { c c } \text { Amount } & \text { Monthly Percentage } \\\text { Invested } & \text { Return } \\\$ 636 & 1.4 \%\end{array}$$

question 132

Multiple Choice

For the given investment, assume that there is no opportunity for reinvestment of returns. Find the monthly return,
annual return, or annual percentage return as indicated.
- $$\begin{array} { c c } \text { Amount } & \text { Monthly Percentage } \\\text { Invested } & \text { Return } \\\$ 636 & 1.4 \%\end{array}$$ Find the annual return.

• A)$16.80
• B)$106.85
• C)$10,684.80
• D)$8.90

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Definitions:

Savings And Loan Debacle

Refers to a financial crisis in the United States during the 1980s and early 1990s when many savings and loan associations failed due to risky business practices.

Interest Rates

The cost of borrowing money expressed as a percentage of the amount borrowed, or the return on invested savings.

Long Term Loans

Loans that are extended for a longer duration, typically exceeding one year, and used for financing significant investments or expenses.

Monetary Growth

An increase in the amount of money in an economy, which can influence inflation, interest rates, and economic growth.