If You Make an Investment That Earns 10% the First

question 47

Multiple Choice

If you make an investment that earns 10% the first year, -5% the second year, -2% the third year, and 12% the fourth year, what is your total 4-year return? Round your answer to the
Nearest tenth of a percent.

• A)15.0%
• B)14.7%
• C)31.9%
• D)none of the above

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Definitions:

House of Burgesses

The first legislative assembly of elected representatives in North America, established by the Virginia Company to allow colonists some measure of self-governance.

Self-Government

Self-government refers to a system wherein the people or its representatives possess the power to govern themselves without interference from external authorities.

Tobacco Cultivation

The agricultural process of growing and harvesting tobacco plants, typically for use in the production of cigarettes and other tobacco products.

Kidnapping of Pocahontas

The abduction of Pocahontas, a Native American woman notable for her association with the colonial settlement at Jamestown, Virginia, by colonists in 1613, an event with significant cultural and historical implications.