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:

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The act of passing on rights, assets, or responsibilities from one individual to another.

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Entitlements or freedoms that are granted by legal, social, or ethical principles.

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Forbidden by law, rule, or other authority.

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A governmental institution authorized to resolve legal disputes, make judgments, and enforce law.