Phil Has $2,000 and He Needs It to Grow to $4,000

question 125

Multiple Choice

Phil has $2,000 and he needs it to grow to $4,000 in 8 years.Assuming he adds no more money to this fund,what rate of return would he need to earn?

• A)6%
• B)7%
• C)8%
• D)9%
• E)10%

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Definitions:

Auditory Pathways

The auditory pathways are neural pathways in the brain that carry sensory information from the ear to the auditory cortex, enabling sound perception and processing.

CNS

The CNS, or Central Nervous System, consists of the brain and spinal cord, serving as the main processing center for the entire nervous system.

REM Sleep

A stage of sleep characterized by rapid eye movements, more dreaming, and bodily movement; important for learning and memory consolidation.

Pons

The pons is a part of the brain located in the brainstem, playing a crucial role in controlling breathing, communication between different parts of the brain, and sensations such as hearing, taste, and balance.