If the Value of the Principal Today Is $1,560,250 and the Interest

question 14

Multiple Choice

If the value of the principal today is $1,560,250 and the interest rate is 11.25%,what is the total compounding contribution at the end of ten years?

• A)$1,215,472.15
• B)$1,560,250
• C)$0
• D)$2,430,966.30
• E)None of the above.

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Definitions:

Environmental Statutes

Laws enacted to protect the environment from pollution and to regulate natural resource usage.

Directors

People selected by the corporation's shareholders to supervise the administration and strategize decisions for the company.

Shareholder's Meeting

A gathering of a company's shareholders where important issues are discussed, and decisions are made about the company's affairs.

Proxy

Authorization to represent a corporate shareholder to serve as his or her agent and vote his or her shares in a certain manner.