What Annual Interest Rate Is Required to Accumulate $6,802

question 84

Multiple Choice

What annual interest rate is required to accumulate $6,802.50 in four years from an investment of $5,000? (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

• A) 8%
• B) 12%
• C) 10%
• D) 15%
• E) 5%

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Definitions:

ASA III

A classification in the American Society of Anesthesiologists' physical status classification system indicating a patient with severe systemic disease that is not incapacitating.

Physical Status Classification

A system used in medicine to assess and categorize a patient's overall health status and physical fitness, often before undergoing anesthesia or surgery.

Hypertension

A condition characterized by persistently high blood pressure, which can lead to serious health issues like heart disease and stroke.

Leg Exercises

Physical activities focusing on strengthening and increasing the flexibility of the muscles in the legs.