If You Were to Deposit $2,000 in an IRA That

question 24

Multiple Choice

If you were to deposit $2,000 in an IRA that would earn interest of 7.5%,compounded quarterly for 18 years,how much would you have accumulated?

• A)$9,621
• B)$36,000
• C)$22,419
• D)$12,363
• E)$7,619

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Definitions:

Profits

The financial gain made in a transaction or business operation after accounting for all expenses.

Sales Training

A program or series of educational activities designed to enhance the skills and knowledge of sales personnel.

Profit Center

A division or segment of a business responsible for generating its own revenue and profit, evaluated independently of other parts of the business.

Outsourced Training

The practice of seeking external providers to design, conduct, or manage training programs for a company.