What Annual Interest Rate Would You Need to Earn If

question 117

Multiple Choice

What annual interest rate would you need to earn if you wanted a $1,250 per month contribution to grow to $65,000 in three years?

• A) 18.59 percent
• B) 21.26 percent
• C) 24.00 percent
• D) 25.19 percent

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Definitions:

Interest Disputes

Disagreements in labor relations concerning the terms and conditions of employment or contracts, including pay, benefits, and working conditions.

Employment

The condition of having paid work, or the relationship between an employer and an employee where the employee provides labor in exchange for compensation.

Arbitration Clause

A provision in a contract that requires the parties to resolve disputes through an arbitration process rather than through litigation.

Grievances

Complaints or concerns raised by employees regarding workplace issues such as unfair treatment, working conditions, or company policies.