Dire Invested $10,000 Today in an Investment That Has a Maturity

question 56

Multiple Choice

Dire invested $10,000 today in an investment that has a maturity value of $13,500 in five years. If the interest is compounded annually, what is the annual rate of return earned on the investment?

• A)7.8%
• B)8.2%
• C)6.2%
• D)4.5%
• E)9.5%

---

Definitions:

Ml

Milliliter, a unit of volume in the metric system equal to one thousandth of a liter.

Ounces

A unit of weight in the avoirdupois system, equivalent to 1/16th of a pound or approximately 28.35 grams.

Convert

To change something into a different form or property, often referring to religious belief, energy forms, or data formats.

Ceclor

An antibiotic medication used to treat various bacterial infections by stopping the growth of bacteria.