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

question 45

Short Answer

A company is creating a fund today by depositing $65,763. The fund will grow to $90,000 after 8 years. What annual interest rate is the company earning on the fund?

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Definitions:

Skeptical Audience

A group of people who are inclined to question or doubt the information presented to them.

Persuasive Techniques

Strategies used in communication to influence the attitudes, beliefs, or behaviors of others.

Credibility

The quality of being trusted and believed in, often based on a reputation for honesty and integrity.

Marketing Messages

Communications aimed at consumers or audiences to inform, persuade, or remind about a product, service, or brand.