What Effective Annual Rate of Return (EAR) Would Rayne Need

question 161

Multiple Choice

What effective annual rate of return (EAR) would Rayne 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) 5.98%
• B) 6.55%
• C) 4.87%
• D) 6.14%

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Definitions:

Bullying

Aggressive behavior among school-aged children and teenagers that involves a real or perceived power imbalance, including actions like making threats, spreading rumors, attacking someone physically or verbally, and excluding someone from a group.

Acts of Aggression

Behaviors intended to cause harm or pain to another person, ranging from verbal abuse to physical violence.

Persistent

Showing tenacity and steadfastness in pursuing goals or tasks despite challenges, obstacles, or discouragement.

Human Instinct

Innate aspects of human behavior that are not learned, such as reflex responses or impulses.