Today, Charity Wants to Invest Less Than $3,000 with the Goal

question 38

Multiple Choice

Today, Charity wants to invest less than $3,000 with the goal of receiving $3,000 back some time in the future.Which one of the following statements is correct?

• A)The period of time she has to wait until she reaches her goal is unaffected by the compounding of interest.
• B)The lower the rate of interest she earns, the shorter the time she will have to wait to reach her goal.
• C)She will have to wait longer if she earns 6 percent compound interest instead of 6 percent simple interest.
• D)The length of time she has to wait to reach her goal is directly related to the interest rate she earns.
• E)The period of time she has to wait decreases as the amount she invests increases.

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Definitions:

Mutual Trust

A reciprocal belief in the reliability, truth, ability, or strength of individuals or groups, fostering cooperative relationships.

Relationship-oriented Leaders

Leaders who prioritize the well-being, development, and satisfaction of team members over task completion.

Team Learning

The process by which a group collectively acquires, shares, and integrates knowledge to improve its capabilities and achieve common goals.

Laissez-faire Managers

Managers who adopt a hands-off approach, allowing employees to make decisions and solve problems independently.