An Investment Grew in Value from $5,630 to $8,485 During

question 275

Short Answer

An investment grew in value from $5,630 to $8,485 during a five-year period. The annual rate of inflation for the 5 years was 2.3%. What was the compound annual real rate of return during the five years?

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Definitions:

Productive Results

Outcomes of work or activities that effectively meet or exceed expected goals and contribute positively to the organization's objectives.

Work Value Scales

Measurement tools used to assess individuals' importance placed on various aspects of work, such as achievement, autonomy, and relationships.

Work Content

The tasks, responsibilities, knowledge, and activities that make up a job or a specific piece of work.

Job Context

The conditions, environment, and circumstances under which a job is performed, including physical, social, and psychological aspects.