Solving for Rates What Annual Rate of Return Is Earned

question 145

Multiple Choice

Solving for Rates What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $8,000 by the end of year 8?

• A)9.00 percent
• B)12.00 percent
• C)12.25 percent
• D)50.00 percent

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Definitions:

Judgment Notwithstanding

A legal ruling by a judge that overrules the decision of a jury if deemed unreasonable or unsupported by the evidence presented during the trial.

Motion

A formal request made to a court or judge seeking an order or ruling on a particular matter within a legal case.

Verdict

A verdict is the decision made by a jury or judge on the matters submitted to them in a trial, determining the outcome of the case.

Writ of Execution

A writ that puts in force a court’s decree or judgment.