If You Are Able to Earn a 15% Rate of Return

question 22

Multiple Choice

If you are able to earn a 15% rate of return, what amount would you need to invest to have $15,000 one year from now?

• A)$14,852
• B)$13,125
• C)$12,750
• D)$13,044

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Definitions:

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic recovery during the Great Depression, which sought to encourage industrial growth and improve labor conditions.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, starting in the United States.

Surveillance

The observation or monitoring of activities or individuals, often for the purpose of information gathering, management, or control.