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:

Mutualism

A symbiotic relationship between two species in which both species benefit from the interaction.

Mycorrhizae

Symbiotic associations between fungi and the roots of plants, improving nutrient and water uptake.

Epiphytes

Plants that grow on other plants for physical support but do not extract nutrients from their hosts, thus not parasitic.

Species Richness

A measure of the number of different species represented in an ecological community, landscape or region.