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:

Custom Muffins

Tailor-made or specially designed muffins that cater to the specific tastes, dietary requirements, or preferences of an individual or group.

Operations Execution

The strategic implementation of procedures and tasks necessary for the successful production of goods or services.

Worker Dissatisfaction

A condition where employees feel unhappy, unfulfilled, or frustrated with their work environment or job roles.

Profits

The profit made when the income generated from business operations is greater than the expenses, costs, and taxes required to maintain the operations.