New Metals, Inc

question 201

Multiple Choice

New Metals, Inc. is planning on expanding their operations when the economy strengthens in a few years. At that time they will need to purchase additional equipment. Four years ago, they set aside
$300,000 in a special account for this purpose. Today, that account is worth $383,048.98. What
Rate of interest is New Metals earning on this money?

• A) 5.87%
• B) 5.92%
• C) 6.26%
• D) 6.30%
• E) 6.35%

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Definitions:

Anatomically Modern

Refers to Homo sapiens who have physical characteristics similar to those of humans today, emerging about 200,000 years ago.

Anatomically Modern Humans

Homo sapiens characterized by anatomical features similar to those of contemporary humans, emerging approximately 300,000 to 200,000 years ago.

Lumpers

Individuals or scholars who prefer to classify information or objects into broad categories, minimizing differences within those categories.

Splitters

Individuals or researchers who emphasize distinctions and differences when categorizing objects or species, often in the context of taxonomy.