Solving for Rates What Annual Rate of Return Is Earned

question 76

Multiple Choice

Solving for Rates What annual rate of return is earned on a $900 investment when it grows to $2,500 in 15 years?

• A)1.78 percent
• B)2.78 percent
• C)6.58 percent
• D)7.05 percent

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Definitions:

Foundations

Organizations established to provide support for charitable activities, educational endeavors, or other missions.

Corporations

Legal entities that are distinct from their owners, providing them limited liability, and are set up to conduct business or other activities.

Macro Practice

A social work approach focusing on large-scale social processes and structures, aiming at societal change and reform.

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An approach in social work that equips practitioners with a broad range of skills to address a variety of problems in different settings.