The Future Value That Accrues When $200 Is Invested at 7

question 114

Multiple Choice

The future value that accrues when $200 is invested at 7%, compounded continuously, is , where t is the number of years. At what rate is the money in this account growing when t = 7? Round your answer to the nearest cent.

• A)$1.63 per year
• B)$326.46 per year
• C)$15.02 per year
• D)$2.15 per year
• E)$22.85 per year

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Definitions:

Negative Reinforcement

A technique used to increase the likelihood of a desired behavior by removing an unpleasant stimulus when the behavior occurs.

Positive Reinforcement

The process of encouraging a desired behavior by rewarding it, thereby increasing the likelihood of its recurrence.

Desired Employee Behavior

The specific actions and attitudes that an employer wants to encourage in its workforce to achieve organizational goals.

Secondary Reinforcer

A stimulus that has become rewarding or motivating through its association with a primary reinforcer.