Complete the Sentence: on an Annual Basis the First Set

question 14

Multiple Choice

Complete the sentence: On an annual basis the first set of expenses is ____ % of the second set of expenses.
-Elena spends $4 per day on a coffee at the neighborhood cafe and $300 per month on food.

• A)6%
• B)9%
• C)41%
• D)487%

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Definitions:

Terminal Value

The estimated value of a business or project beyond the explicit forecast period.

Annualized Rate of Return

The annualized rate of return is a way of calculating investment returns on an annual basis, taking into account the effect of compounding over the period.

Treasury Bill

Short-term government securities with maturity periods of one year or less, issued at a discount to their face value.

Exchange Rate

The value of one currency for the purpose of conversion to another, used in international trade and investment.