Solving for Rates What Annual Rate of Return Is Earned

question 10

Multiple Choice

Solving for Rates What annual rate of return is earned on a $5,000 investment when it grows to $7,000 in six years?

• A) 1.40%
• B) 5.45%
• C) 5.77%
• D) 40.00%

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Definitions:

Personal Experiences

Refers to the unique events and interactions an individual has encountered throughout their life.

Professional Experiences

A record of work accomplishments and the progression of an individual's career.

Cultural Experiences

Interactions or engagements with aspects of a culture different from one's own, which can include food, music, traditions, and more.

Communication

The process of exchanging information, ideas, or feelings between individuals or groups.