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:

Overgeneralized Belief

A cognitive distortion where an individual applies a general rule too broadly, often based on a single incident.

Intergroup Anxiety

Intergroup anxiety is the feeling of discomfort or stress that individuals experience when interacting with members of different social or ethnic groups.

Intragroup Anxiety

Feelings of worry, discomfort, or apprehension that occur within an individual due to interactions or anticipated interactions within their own social group.

Gordon Allport

An influential psychologist known for his theories on personality and his studies on prejudice.