Mr Fish Wants to Build a House in 8 Years

question 7

Multiple Choice

Mr. Fish wants to build a house in 8 years. He estimates that the total cost will be $150,000. If he can put aside $10,000 at the end of each year, what rate of return must he earn in order to have the amount needed?

• A) Between 17% and 18%
• B) Between 15% and 16%
• C) 12%
• D) None of these

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Definitions:

Conflicts

Disagreements or disputes between individuals or groups that result from opposing or incompatible needs, desires, or interests.

Negative Results

Outcomes of an experiment or research that do not support the initial hypothesis or expected findings.

Groups

Collections of individuals who come together with common goals or interests, sharing interaction and often working towards collective objectives.

Win-Lose Strategy

A competitive strategy where one party's gain is perceived as another party's loss.