Multiple Choice
Interest rate: Pedro Martinez wants to invest $25,000 in a spa that his sister is starting. He will triple his investment in six years. What is the rate of return that Pedro is being promised? (Rounded to the nearest percent.)
A) 18%
B) 20%
C) 12%
D) 25%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Multiple compounding (PV): Marcie Witter is saving
Q6: The value of a dollar invested at
Q12: Future value measures:<br>A) what one or more
Q21: Compounding: Trish Harris has deposited $2,500 today
Q26: The present value of an investment of
Q37: The present value of an investment of
Q55: The growth rate over time is exponential.
Q66: If Laura has to choose between a
Q78: Rate of growth: Link Net, Inc. just
Q79: Growth rate: Vidmar Agencies is a fast-growing