Multiple Choice
Your grandfather placed $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. What is the rate of return on the trust fund?
A) 5.98%
B) 8.76%
C) 9.60%
D) 9.98%
E) 10.14%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q50: Your parents agree to pay half of
Q51: Some financial advisors recommend you increase the
Q52: The process of accumulating interest on an
Q53: The value today of future cash flows
Q54: The I.C. James Co. invested $10,000 six
Q56: Jamie deposits $1,000 into an account that
Q57: The present value interest factor is calculated
Q58: Stephen invests $2,500 in an account that
Q59: Dale invests $500 in an account that
Q60: The Smith Co. has $450,000 to invest