An Investment Has the Following Interest Rates: J₂ = 6

question 82

Multiple Choice

An investment has the following interest rates: j₂ = 6% for the first 30 months,followed by j₄ = 8% for the next 36 months,followed by j₆ = 9% for the last 18 months.What is the equivalent j₂ earned over the 7 year period?

• A)6.24%
• B)6.68%
• C)7.56%
• D)7.70%

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Definitions:

Motivation Model

Theoretical frameworks that aim to explain the drive behind individuals' actions, desires, and needs.

Deficiency Needs

In Maslow's hierarchy of needs, these are the basic requirements for physical and psychological well-being that individuals are motivated to fulfill before achieving higher level growth needs.

Growth Needs

Psychological desires for personal development, improvement, and the achievement of one's potential.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a pyramid with the most fundamental needs at the bottom and self-actualization at the top.