How Many Years Will It Take $2,000 Invested at the End

question 36

Multiple Choice

How many years will it take $2,000 invested at the end of each year to become $91,524 at a rate of return of 8%?

• A)1
• B)5
• C)10
• D)20
• E)30

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Definitions:

Authority Types

Various forms of power and control recognized in sociology, including traditional, legal-rational, and charismatic authority.

Tension

A state of mental or emotional strain, often arising from situations of conflict or opposition within social contexts.

Conflict

A struggle or clash between opposing individuals, groups, ideas, or interests, which can take various forms such as social, political, or personal.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist who developed the theory of Marxism, analyzing the effects of capitalism on labor, productivity, and economic development.