Angela Has $10,000 to Invest

question 48

Multiple Choice

Angela has $10,000 to invest.She hopes to have $15,000 at the end of 5 years.Use the geometric mean to compute the average rate of return that she will have to earn to reach her goal.

• A)6.12%
• B)5.34%
• C)8.45%
• D)9.65%
• E)6.22%

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Definitions:

Authority Ranking

A way of organizing or structuring groups based on a hierarchical system, where individuals have different levels of power, responsibility, and status.

Tit-for-tat

A strategy in game theory and conflict resolution where actions are reciprocated with similar actions, typically in the context of cooperative or retaliatory behavior.

Equality Matching

A form of social coordination or interaction based on the principle of balance and fairness, ensuring that participants receive equivalent value.

Procedural Justice

The fairness and transparency of the processes used to make decisions, often influencing people’s perceptions of the fairness of outcomes and authority figures.