What Annual Rate of Return Would Grandma Zoe Need to Earn

question 43

Multiple Choice

What annual rate of return would Grandma Zoe need to earn if she deposits $1,000 per month into an account beginning one month from today in order to have a total of $1,000,000 in 30 years?

• A) 4.55%
• B) 5.28%
• C) 5.98%
• D) 6.23%

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Definitions:

Recovered Memories

Memories of past events that were not accessible for some time but have been brought back into conscious awareness, often associated with traumatic experiences.

Childhood Abuse

Refers to the mistreatment or neglect of a child, including physical, emotional, or sexual harm.

The Courage to Heal

A book or reference material that covers the process and challenges of recovery from abuse.

Free Imagination

The unbound capacity to create, envision, or think about scenarios, objects, or ideas that are not present or have not been directly experienced.