What Rate of Interest Was Earned for $2,000 to Accumulate

question 100

Multiple Choice

What rate of interest was earned for $2,000 to accumulate to be $226,560 after 30 years?

• A)4%
• B)5%
• C)6%
• D)7%
• E)8%

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Definitions:

James-Lange Theory

A theory of emotion proposing that emotions occur as a result of physiological reactions to events.

Intense Fear

A heightened emotional response to a perceived threat, characterized by increased adrenaline and rapid heartbeat.

Affect-As-Information Theory

People use their current emotions to make decisions, judgments, and appraisals, even if they do not know what caused their emotions.

Job Offer

A formal proposal by an employer to a potential employee to work at a company or organization, typically specifying job duties and compensation.