You Invested $1,200 Three Years Ago

question 109

Multiple Choice

You invested $1,200 three years ago.During the three years,you earned annual rates of return of 4.8%,9.2%,and 11.6%.What is the value of this investment today?

• A) $1,498.08
• B) $1,512.11
• C) $1,532.60
• D) $1,549.19

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Definitions:

Fitness

The state of being physically and mentally sound and healthy, often in the context of the capability to perform tasks or duties.

Treadmill

A piece of exercise equipment designed for walking or running in place, often used for physical fitness.

Implied Warranty

A legal assumption in a sale that the goods or services are fit for the intended purpose, even if not explicitly stated.

Merchantability

A warranty that a product will meet reasonable expectations of quality and perform as generally expected by consumers.