"Give Me $5,000 Today and I'll Return $10,000 to You

question 78

Multiple Choice

"Give me $5,000 today and I'll return $10,000 to you in 5 years," offers the investment broker.To the nearest percent,what annual interest rate is being offered?

• A) 12.29%
• B) 13.67%
• C) 14.87%
• D) 12.84%

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Definitions:

Etruscan Fortunes

Refers to the wealth, influence, or fate of the Etruscans, an ancient civilization of Italy.

Etruria

An ancient region of Italy, inhabited by the Etruscans, known for its significant contributions to Roman culture and art.

Rome

The capital city of Italy, rich in history and culture, known for its ancient architecture, art, and as the historical center of the Roman Empire.

Romanized

The process of converting writing from a different writing system to the Roman (Latin) script.