Your Financial Advisor Tells You That If You Earn the Historical

question 14

Multiple Choice

Your financial advisor tells you that if you earn the historical rate of return on a certain mutual fund,then in three years your $20,000 will grow to $23,152.50.What rate of interest does your financial advisor expect you to earn?

• A)5 percent
• B)6 percent
• C)7 percent
• D)8 percent

---

Definitions:

Manufacturer

An entity or individual that makes goods for sale using raw materials and components.

Copyright Act

Legislation that protects the rights of creators by giving them exclusive control over the use and distribution of their original works.

Confidential Information

Any information that is not public knowledge and that is obtained from a source under circumstances that create an obligation to keep it confidential.

MBA Class

A course or series of courses part of a Master of Business Administration program, aimed at providing advanced education in business management and operations.