If $7,000 Is Invested at an Annual Rate of 11

question 56

Multiple Choice

If $7,000 is invested at an annual rate of 11.5% compounded continuously, the future value S at any time t (in years) is given by . What is the amount after 12 months? Round your answer to the nearest cent. ​

• A)$27,824.31
• B)$7,848.82
• C)$17,838.71
• D)$7,853.11

---

Definitions:

Placement

The process of assigning a person to a specific job or position suitable for their skills, qualifications, or preferences.

Line Managers

Managers who have direct responsibility over a particular unit or department within an organization, including the supervision of employees and the achievement of operational targets.

Placement Processes

The methods and strategies used to assign individuals to appropriate jobs or roles within an organization.

Discrimination Suit

Legal action taken against an employer or organization accused of unjust treatment of employees based on race, gender, age, disability, or other protected categories.