You Invest $10,000 in August 2004

question 116

Multiple Choice

You invest $10,000 in August 2004.In August 2009,the investment is worth $12,000.What was your compound annual rate of return over the period?

• A) 3.09%
• B) 3.71%
• C) 4.00%
• D) 4.21%

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Definitions:

Partisan Conflict

Disagreements and political struggles between members of different political parties, often affecting the legislative process and policy implementation.

Taney Court

The period of the Supreme Court of the United States from 1836 to 1864, under Chief Justice Roger B. Taney, noted for its rulings on issues of slavery and states’ rights.

District Courts

The first level of federal courts in the United States which hold trials and judicial proceedings to resolve disputes by applying the law.

Strategic Action

Purposeful steps or decisions taken by individuals or organizations to achieve a specific goal, especially within competitive environments.