Fiona Is in the Second Grade

question 14

Multiple Choice

Fiona is in the second grade. Which of the following is least likely to be a key figure for her?

• A) mother
• B) professional athlete
• C) teacher
• D) younger sister

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Definitions:

Compound Interest

The addition of interest to the principal sum of a loan or deposit, where interest also earns interest from that moment on.

Earnings Rate

The return on an investment or the rate at which a company or asset generates income, typically expressed as a percentage.

Rate of Return

The profit or loss of an investment over a specified period, expressed as a percentage of the investment’s initial cost.

Present Value

The contemporary valuation of a future monetary sum or cash flow series, as determined by an agreed-upon rate of return.