If You Presently Have $6,000 Saved and Earn 15 Percent

question 142

Multiple Choice

If you presently have $6,000 saved and earn 15 percent interest per year,about how many years will it take for your investment to triple?

• A)6
• B)8
• C)10
• D)12

---

Definitions:

Mexican Americans

Americans of Mexican descent, often with a cultural heritage that includes traditions, language, and customs from Mexico.

Markov Analysis

A statistical method used to forecast the future behavior of a system or process based on its current state and known probabilities of various outcomes.

Staffing Tables

These are tools used by human resource departments to plan for future hiring by projecting the number of employees needed in different roles based on strategic objectives.

Skills Inventories

Comprehensive databases or lists that track the skills, qualifications, and expertise of an organization's employees, used for planning, recruitment, and development purposes.