An Initial Investment of $4000 Grows at an Annual Interest

question 11

Multiple Choice

An initial investment of $4000 grows at an annual interest rate of 5% compounded continuously.How long will it take to double the investment?

• A)1 year
• B)14.40 years
• C)13.86 years
• D)14.86 years
• E)13.40 years

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Definitions:

Network Design

The strategic planning and layout of a computer network including hardware, software, connectivity, and information flow.

Minimizing Bureaucracy

Involves reducing excessive red tape, rules, and formalities to make an organization more efficient and adaptable.

Horizontal Design

An organizational structure emphasizing collaboration, teamwork, and communication across departments and levels, with few hierarchical barriers.

Functional Design

An approach to design that focuses on practical and efficient aspects, ensuring that every component serves a specific purpose.