How Long Would It Take for a $45,000 Investment to Earn

question 140

Multiple Choice

How long would it take for a $45,000 investment to earn $6,000 interest at 17.5%?

• A) 115 days
• B) 77 days
• C) 95 days
• D) 377 days
• E) 278 days

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Definitions:

Liabilities

A person’s debts or amount that is owed.

Assets

A person’s property or what is owned.

Entertainment Budget

An allocation of funds set aside specifically for activities or purchases meant for enjoyment or leisure.

Pie Chart

A pie chart is a graphic display in the form of a circle divided into pie-shaped sectors that are used to present data in percentages.