If the Maturity Value of an Investment Which Paid 13

question 73

Multiple Choice

If the maturity value of an investment which paid 13.9% was $400,000 after 7 months, how much of that amount was interest?

• A) $30,001
• B) $55,600
• C) $32,433
• D) $67,888
• E) $27,999

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Definitions:

IQ Standards

Established norms used to interpret an Intelligence Quotient score, usually centered around an average score with deviations representing differences in intelligence.

Herrnstein and Murray

Authors of "The Bell Curve," a book that explores the role of intelligence in American society, sparking significant controversy.

The Bell Curve

A statistical distribution that represents many human traits and scores, where most occurrences fall near the middle of the range.

Classified as a Genius

Being recognized for possessing exceptionally high intelligence or extraordinary creative ability.