If Money Is Invested at 8% Per Year, After Approximately

question 14

Multiple Choice

If money is invested at 8% per year, after approximately how many years will the interest earned be equal to the original investment?

• A) 7 years
• B) 8 years
• C) 9 years
• D) 11 years

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Definitions:

Troubled Debt Restructuring

A process where terms of a debt are modified due to financial difficulties of the borrower, often involving concessions by the lender.

Continuation

The process of extending or carrying on an activity without interruption.

Undiscounted Sum

The total of all future cash flows associated with an investment or project without adjusting them for their present value.

Discounted

The method of calculating the current value of a future sum of money or series of cash flows using a particular return rate.