Use of Financial Calculator TI BA II Plus Required

question 92

Multiple Choice

Use of Financial Calculator TI BA II Plus required. You purchased $10 000 of a balanced fund in your RRSP 26 years ago for $14.38 per unit. It is currently worth $73.93 per unit. What was your annual rate of return?

• A)12.3 percent
• B)6)2 percent
• C)5)6 percent
• D)6)5 percent

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Definitions:

Business

The activity of making, buying, or selling goods or services in exchange for money.

Enterprise Resource Planning

This is a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.

Consistent Processes

The establishment and maintenance of uniform procedures and methodologies throughout an organization to ensure efficiency and quality.

Administrative Units

Divisions or departments within an organization that carry out administrative functions such as HR, finance, and operations.