What Compounded Rate of Return Will Allow Investments of $800

question 145

Multiple Choice

What compounded rate of return will allow investments of $800 at the end of every six months to accumulate to $24,000 after 10 years?

• A) 14.876%
• B) 8.062%
• C) 8.143%
• D) 8.309%
• E) 15.286%

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Definitions:

Correlated

When two or more variables or sets of data have a mutual relationship or connection, where changes in one are associated with changes in the other.

Brain Size

Refers to the overall volume or mass of the brain, variably related to body size, cognitive abilities, and evolutionary adaptations.

Species-Typical Behavior

Behavior that is characteristic of all members of a species, such as walking in salamanders.

Member-Typical Behavior

Behaviors or actions that are characteristic or expected from members of a specific group, species, or category.