Write the Word or Phrase That Best Completes Each Statement

question 414

Short Answer

Write the word or phrase that best completes each statement or answers the question.
-Gillian has $10,000 to invest in a mutual fund. The average annual rate of return for the past five years was
12.25%. Assuming this rate, determine how long it will take for her investment to double.

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Definitions:

Plan Of Action

A detailed strategy outlining the steps needed to accomplish a specific goal or objective.

Little To No Involvement

Refers to situations or contexts where individuals or groups contribute minimal effort or have minimal participation.

Achieving Goals

The process of setting objectives and taking steps to accomplish them within a specified timeframe.

Quarterly Estimated Tax Payments

Tax payments made quarterly by individuals and businesses on income not subject to withholding, including self-employment income.