Your Accountant Tells You That If You Can Continue to Earn

question 231

Multiple Choice

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $750 for the next three years, you will have $998.25 in your account. If your accountant is correct, what is the current interest rate?

• A)9 percent
• B)10 percent
• C)11 percent
• D)12 percent

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Definitions:

Privacy

The state or condition of being free from being observed or disturbed by other people.

Cultural Group

A community of people who share common language, customs, values, traditions, beliefs, arts, and other cultural aspects.

Similarity

The degree to which two or more objects, ideas, or individuals share common characteristics or attributes.

Uniqueness

The quality of being the only one of its kind; distinctiveness or rarity among similar entities.