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A Company Is Creating a Fund by Depositing $65,763 Today

question 45

Essay

A company is creating a fund by depositing $65,763 today.The fund will grow to $90,000 after eight years.What annual interest rate is the company earning on the fund?


Definitions:

Vegetarian

A person who follows a diet that excludes meat, fish, and poultry, but may include dairy products and eggs.

Manipulative Practices

Techniques or activities aimed at influencing or controlling others in a deceptive or unethical way.

Prevalence

The proportion of a population that is affected by a particular disease or condition at a specific time.

USA

A country located in North America, known formally as the United States of America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

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