If the Interest Rate Is 10 Percent Per Year, and You

question 397

Multiple Choice

If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in three years?

• A) $155,000
• B) $115,000
• C) $120,000
• D) $133,000

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Definitions:

Assessment

The process of evaluating or estimating the nature, ability, or quality of something.

Myers-Briggs Type Indicator

A psychometric questionnaire designed to measure psychological preferences in how people perceive the world and make decisions.

Extroverted Types

Individuals who are outgoing, social, and derive energy from interacting with others.

Interpersonal Relationships

The connections and interactions between two or more people which can involve emotional, social, and professional dynamics.