What Annual Interest Rate Would You Need to Earn If

question 117

Multiple Choice

What annual interest rate would you need to earn if you wanted a $1,250 per month contribution to grow to $65,000 in three years?

• A) 18.59 percent
• B) 21.26 percent
• C) 24.00 percent
• D) 25.19 percent

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Definitions:

Performance Metrics

Quantitative measures used to evaluate, compare, and track performance or production across different periods or against specific objectives.

Performance Targets

Specific goals set by a company or individual to measure progress and achievement over a period.

Performance Metrics

Quantitative measures used to gauge an organization's performance in various areas, enabling managers to assess productivity, efficiency, and effectiveness in meeting objectives.

Strategic Initiatives

Planned actions designed to achieve long-term goals that significantly impact an organization's direction and success.