Carlita Invested $10,000 for 25 Years

question 233

Multiple Choice

Carlita invested $10,000 for 25 years. For the first 15 years she earned 15%
Compounded semi-annually. For the last 10 years she earned 9.6% compounded monthly. What was her effective rate of return over the 25 years?

• A) 13.32%
• B) 10.03%
• C) 15.56%
• D) 12.30%
• E) 14.51%

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Definitions:

Personality Styles

Characteristic patterns of thinking, feeling, and behaving that differentiate individuals from one another.

Extroversion Styles

Variations in the way individuals exhibit extroversion, including sociability, assertiveness, and enthusiasm.

Personality Assessment Technique

Methods or tools used to evaluate individual personality traits, characteristics, and patterns of behavior.

Observations

The act of noticing and recording something, often used in research or clinical settings to gather data.