Alpha, Inc

question 51

Multiple Choice

Alpha, Inc. is saving money to build a new factory. Six years ago they set aside $250,000 for this purpose. Today, that account is worth $306,958. What rate of interest is Alpha earning on this
Money?

• A) 3.43%
• B) 3.45%
• C) 3.48%
• D) 3.52%
• E) 3.55%

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Definitions:

Standardized Intelligence Test

A psychometric test designed to measure a person's intellectual capabilities in comparison to the population.

IQ Scores

Quantitative measures of intelligence, typically obtained through standardized tests, reflecting cognitive abilities in relation to a peer group.

Inherently Good

A philosophical and ethical stance suggesting that human beings are born with an innate tendency towards goodness.

Innately Evil

The philosophical and psychological concept suggesting that humans are born with an inherent tendency towards malevolence and wrongdoing.