Will Has Been Purchasing $25,000 Worth of New Tek Stock

question 18

Multiple Choice

Will has been purchasing $25,000 worth of New Tek stock annually for the past 11 years. His holdings are now worth $598,100. What is his annual rate of return on this stock?

• A)14.13 percent
• B)14.24 percent
• C)14.29 percent
• D)14.37 percent
• E)14.68 percent

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Definitions:

Heterosexuals

Individuals who are romantically and sexually attracted to people of the opposite sex.

Family Life

The everyday dynamics, interactions, and relationships among members within a family unit.

X Chromosome

One of the two sex chromosomes, the X chromosome plays a crucial role in the determination of genetic traits and can be found both in males (XY) and females (XX).

Genetic Component

The part of a characteristic, condition, or disease that is influenced by one's genes or heredity.