You Have Been Investing $120 a Month for the Last

question 57

Multiple Choice

You have been investing $120 a month for the last 15 years. Today,your investment account is worth $47,341.19. What is your average rate of return on your investments?

• A) 9.34%
• B) 9.37%
• C) 9.40%
• D) 9.42%
• E) 9.46%

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Definitions:

Linguistic Exchange

The practice of mutually sharing and learning languages between speakers of different languages.

Economic Infrastructure

The essential physical and organizational frameworks required for the functioning of a society or business, including transportation, communication networks, and energy sources.

Road Network

A system of interconnected roads designed to accommodate vehicular traffic.

Middle-income Households

Families or living units with a total income that falls in the middle of a nation's income distribution, neither rich nor poor.