What Annual Rate of Return Is Earned on a $2,000

question 111

Multiple Choice

What annual rate of return is earned on a $2,000 investment made in year 3 when it grows to $3,000 by the end of year 6?

• A) 6.99 percent
• B) 14.47 percent
• C) 24.00 percent
• D) 50.00 percent

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Definitions:

Type 1 Diabetes

An autoimmune disease where the pancreas produces little or no insulin, leading to high blood sugar levels.

Addison's Disease

A disorder in which the adrenal glands do not produce sufficient steroid hormones, leading to symptoms such as weight loss, muscle weakness, and low blood pressure.

Cushing's Syndrome

A condition caused by excess cortisol in the body, characterized by weight gain, thinning skin, and high blood pressure, among other symptoms.

Thiazolidinediones

A class of medication used to lower blood sugar levels in the treatment of type 2 diabetes by increasing insulin sensitivity.