The Initial Investment in a Savings Account in Which Interest

question 54

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $850.If the time required to double the amount is years,what is the amount after 14 years? Round your answer to the nearest cent. ​

• A)$3,400.00
• B)$3,099.86
• C)$3,173.33
• D)$2,699.86
• E)$9,197.18

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Definitions:

Great Leaders

Individuals recognized for their exceptional ability to inspire and guide others towards achieving shared goals, often demonstrating qualities such as vision, integrity, and empathy.

Authoritarian Leadership

A leadership style characterized by individual control over all decisions and little to no input from group members.

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A leadership strategy where managers intervene only when performance deviates significantly from standards.

Charisma

a magnetic personality trait or quality that can inspire enthusiasm and devotion in others, often leading to influential leadership.