If You Received a Constant Annual Rate of Return of 7

question 64

Multiple Choice

If you received a constant annual rate of return of 7 percent on an investment of $10,000, how many years will it take before you have $20,000?

• A) 10 years
• B) 7 years
• C) 35 years
• D) 2.86 years

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Definitions:

Market Equilibrium

A market scenario in which the equilibrium between demand and supply results in stable prices.

Incentive

Anything that offers rewards to people to change their behavior.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared and capable of buying at a certain price.

Quantity Supplied

The quantity of a product that sellers are prepared and capable of offering for sale at a certain price during a defined timeframe.