If Billy Pierce Invests $1,000 at the End of EachA) 4% B) 5% C) 6% D) 7

The Answer of If Billy Pierce Invests $1,000 at the End of EachA) 4% B) 5% C) 6% D) 7

If Billy Pierce Invests $1,000 at the End of EachA) 4% B) 5% C) 6% D) 7

The Answer of If Billy Pierce Invests $1,000 at the End of EachA) 4% B) 5% C) 6% D) 7

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If Billy Pierce Invests $1,000 at the End of Each

question 39

Multiple Choice

If Billy Pierce invests $1,000 at the end of each year for 8 years, and he wants it to grow to at least $10,000, what interest rate would be needed?
$\begin{array}{|r|r|r|r|r|r|r|}\hline\text { Future } \\\text { Value of an} \\\text { Annuity of }\\\$ 1\\\hline & 4 \% & 5 \% & 6 \% & 7 \% & 8 \% & 9 \% \\\hline 1 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 \\\hline 2 & 2.040 & 2.050 & 2.060 & 2.070 & 2.080 & 2.090 \\ \hline 3 & 3.122 & 3.153 & 3.184 & 3.215 & 3.246 & 3.278 \\\hline 4 & 4.246 & 4.310 & 4.379 & 4.440 & 4.506 & 4.573 \\\hline 5 & 5.416 & 5.526 & 5.637 & 5.751 & 5.867 & 5.985 \\\hline 6 & 6.631 & 6.802 & 6.976 & 7.153 & 7.336 & 7.523 \\\hline 7 & 7.898 & 8.142 & 8.394 & 8.654 & 8.929 & 9.200 \\\hline 8 & 9.214 & 9.549 & 9.897 & 10.26 & 10.64 & 11.03 \\\hline 9 & 10.58 & 11.03 & 11.49 & 11.98 & 12.49 & 13.02 \\\hline 10 & 12.01 & 12.58 & 13.18 & 13.82 & 14.49 & 15.19 \\\hline\end{array}$

Definitions:

Atlantic Charter

Agreement Issued August 12, 1941, following meetings in Newfoundland between President Franklin D. Roosevelt and British Prime Minister Winston Churchill, that signaled the Allies’ cooperation and stated their war aims.

1941

A significant year marked by events such as the attack on Pearl Harbor, which led the United States into World War II.

Four Freedoms

Fundamental principles outlined by President Franklin D. Roosevelt in 1941, which include freedom of speech, freedom of worship, freedom from want, and freedom from fear.

Truman's Decision

Refers to President Harry S. Truman's decision to use atomic bombs on Hiroshima and Nagasaki in 1945, effectively ending World War II.