When You Were 26 Years Old, You Received an Inheritance

question 99

Multiple Choice

When you were 26 years old, you received an inheritance of $1,500 from your grandfather. You invested that amount in Nu-Wave stock and have not touched the investment since then. Today, this
Investment is worth $109,533.59. Nu-Wave stock has earned an average rate of return of 11.3% per
Year over this time period. How old are you today?

• A) age 57
• B) age 59
• C) age 62
• D) age 64
• E) age 66

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Definitions:

Map

A visual representation of an area, detailing geographical features, roads, and borders, used for navigation and location identification.

Genes

Units of heredity made up of DNA, responsible for guiding the development and functioning of all organisms.

Endocrine System

A network of glands and organs in the body that produce, store, and secrete hormones responsible for regulating bodily functions and maintaining homeostasis.

Hormones

The chemicals released by endocrine glands into the bloodstream.