What Rate of Return (Compounded Monthly)will You Need,to Reach a Lump-Sum

question 53

Multiple Choice

What rate of return (compounded monthly) will you need,to reach a lump-sum total of $500000 in 20 years if you contribute $500 per month?

• A)12.1 percent
• B)8)9 percent
• C)13.2 percent
• D)7)31 percent

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Definitions:

Zener Diode

A type of semiconductor diode that allows current to flow in the forward direction like a normal diode, but also in the reverse direction when the voltage is above a certain value known as the breakdown voltage.

Electrical Noise Interference

Electrical Noise Interference refers to unwanted disturbances in electrical signals that can cause errors or malfunctions in electronic circuits and communication systems.

Logic Circuits

Electronic circuits designed to execute logical operations, where the output depends logically on one or more inputs.

ON State Input Voltage

The specific voltage level required at the input of a device or circuit to consider the state as "on" or active.