Nick Invests $50 000 Today and the Fund Guarantees an Annuity

question 72

Multiple Choice

Nick invests $50 000 today and the fund guarantees an annuity of $12 345 for six years. What is the approximate rate of return?

• A)13.5 percent
• B)11.6 percent
• C)12.5 percent
• D)Insufficient information to calculate

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Definitions:

Thalamus

A brain structure that acts as a relay center, channeling sensory information to the cerebral cortex and regulating consciousness, sleep, and alertness.

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems, and involved in sleep and emotional activity.

Pituitary Gland

A small, pea-sized gland located at the base of the brain, responsible for the production and regulation of many hormones that control various bodily functions.

Hippocampus

The hippocampus is a brain structure involved in the formation of new memories and is also associated with learning and emotions.