If You Presently Have $50,000 Saved and Earn 15 Percent

question 180

Multiple Choice

If you presently have $50,000 saved and earn 15 percent interest per year,about how many years will it take for your investment to triple?

• A)6
• B)8
• C)10
• D)12

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Definitions:

Federal Low-Income Housing

Housing projects or subsidies provided or supported by the government to assist families, the elderly, and the disabled with affordable living conditions based on their income.

Two-Person Single Career

A spouse participates in the other’s career behind the scenes without pay or direct recognition.

Division of Labor

The allocation of different tasks, roles, or responsibilities among members of a group or society, often based on factors like expertise or gender.

Personal Assistant

An individual employed to aid with daily administrative or personal tasks for another person, often within a professional or personal setting.