What Annual Rate of Return Would Jia Need to Earn

question 55

Multiple Choice

What annual rate of return would Jia need to earn if she deposits $20,000 per year into an account beginning one year from today in order to have a total of $1,000,000 in 30 years?

• A) 2.3%
• B) 3.3%
• C) 1.3%
• D) 4.3%

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Definitions:

Temporal Lobes

The portion of the cerebral cortex lying roughly above the ears; includes the auditory areas, each receiving information primarily from the opposite ear.

Top-Down Processing

A cognitive process that uses pre-existing knowledge or expectations to interpret and understand sensory information.

Sensory Information

Data received by the senses (sight, hearing, touch, taste, and smell) that is processed by the brain.

Past Memory

The recall of information about previous events or experiences from an individual's life; often differentiated by episodic (personal events) and semantic (factual knowledge) memory.