One day as you were going through some old memorabilia, you discovered an old savings account in which you placed $100 twenty years ago. When you checked out the account, it currently had a balance of $320.71. What annual rate of interest did you earn?
A) 12%
B) 10%
C) 8%
D) 6%
Answer: D
You might also like to view...
Researchers have discovered that the bulk of message’s personal and connotative meaning is communicated via
a. verbal delivery. b. nonverbal delivery. c. both verbal and nonverbal delivery. d. neither verbal nor nonverbal delivery.
A government may move toward ________________ when it suspects foreign-owned companies are concealing profits and not contributing to the host country.
Fill in the blank(s) with the appropriate word(s).
Tammi Soloft has itchy eyes and a stuffy nose, and she suddenly becomes aware of many TV ads for allergy products that she never noticed before. This illustrates selective
A. perception. B. retention. C. cognition. D. exposure. E. None of these answers is correct.
Describe the relationship between return and liquidity using a one-year CD and a checking account to illustrate
What will be an ideal response?