If You Deposit $100 into an Account That Pays an Interest

question 33

Essay

If you deposit $100 into an account that pays an interest rate that compounds quarterly, what is the interest rate if the value in the account after 30 years is $444?

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Definitions:

Return On Investment

An evaluation metric employed to assess the effectiveness or financial gain of an investment, or to compare the effectiveness among several investments.

Manufacturing Cycle Efficiency

A metric that measures the efficiency of the manufacturing process by comparing value-added time to total throughput time.

Turnover

This is a measure of how quickly inventory is sold or how often employees are replaced within a business.

Investment Opportunity

A potential financial venture, project, or asset that could generate a return on investment.