At What Rate Must $287

question 58

Multiple Choice

At what rate must $287.50 be compounded annually for it to grow to $650.01 in 14 years?

• A) 6 percent
• B) 5 percent
• C) 7 percent
• D) 8 percent

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Definitions:

Body Mechanics

The use of appropriate body positioning when moving and lifting objects to avoid injury.

Muscle Groups

Collections of muscles in the body that work together to perform specific movements or functions.

Injury

Physical harm or damage to someone's body caused by an accident or violence.

Lofstrand/Canadian

Refers to a specific type of crutches with forearm support, commonly used in Canada.