What Annual Rate Must Be Earned to Turn $50,000 into $250,000

question 23

Multiple Choice

What annual rate must be earned to turn $50,000 into $250,000 in 15 years?

• A)12.25%
• B)8.45%
• C)11.33%
• D)10%

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Definitions:

Computer

An electronic device designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results of these operations.

Grid Computing

A type of distributed computing where a virtual supercomputer is composed of a cluster of networked, loosely-coupled computers, working together to perform large tasks.

Distributed Computing

A computing paradigm that divides a problem into multiple components that are solved by different computers connected by a network, working together to achieve a common goal.

Desktop

A computer's primary user interface that allows for the organization and easy access to applications and files.