What Annual Rate of Return Is Implied on a $1,000

question 133

Multiple Choice

What annual rate of return is implied on a $1,000 loan taken next year when $1,500 must be repaid in year 5?

• A) 8.45 percent
• B) 10.00 percent
• C) 10.67 percent
• D) 12.50 percent

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Definitions:

Language

A form of communication, whether spoken, written, or signed, that is based on a system of symbols.

Necessary for Language

Refers to the essential cognitive, social, and biological capacities required for the acquisition and usage of language.

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The process by which individuals learn and develop mental processes for reasoning, problem-solving, and understanding the world around them.

Williams Syndrome

A developmental disorder characterized by mild to moderate intellectual disability, unique personality characteristics, and distinct facial features.