What Annual Rate of Return Is Earned on a $895

question 100

Multiple Choice

What annual rate of return is earned on a $895 investment that grows to $1,976 in eight years?

• A) 9.14%
• B) 9.97%
• C) 10.41%
• D) 11.73%

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Definitions:

Operationalization Process

The procedure of defining the measurement of a phenomenon that is not directly measurable, by aligning it with an observable operation, quality, or quantity.

Concepts

Fundamental ideas or categories that help to organize thought and serve as the building blocks for more complex theories or knowledge.

Variables

Elements or features that can vary or change within a study, experiment, or statistical analysis, impacting the outcome or results.

Sociological Construct

A concept or perception of an idea or object that is created through societal or cultural practices.