What Annual Rate of Return Is Earned on an $895

question 103

Multiple Choice

What annual rate of return is earned on an $895 investment that grows to $1,976 in eight years?

• A) 9.14 percent
• B) 9.97 percent
• C) 10.41 percent
• D) 11.73 percent

Comprehend the types and purposes of questions in interviews.

Recognize the importance and structure of interview thank-you messages.

Identify best practices for responding to interview questions about weaknesses.

Learn the appropriate nonverbal behavior during interviews.

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Definitions:

Income Tax

A tax that governments impose on financial income generated by all entities within their jurisdiction.

Withholding Allowance Certificate

A form used by employees to indicate their tax status to employers, determining how much federal income tax to withhold from their earnings.

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A U.S. tax form used by employees to indicate their tax situation to their employer, determining the amount of taxes withheld from their paycheck.

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