If Apple's Stock Underwent Simple Interest Increase from February, 2005

question 19

Multiple Choice

If Apple's stock underwent simple interest increase from February, 2005, through August, 2005 and into 2006, what would the price be in December, 2006 Round your answer to the nearest cent. $$\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Month } & \text { Dec. } 1997 & \text { Aug. } 1999 & \text { Mar. } 2000 & \text { May 2000 } & \text { Aug. } 2000 & \text { Dec. } 2000 \\\hline \begin{array} { l } \text { Monthly } \\\text { Price }\end{array} & 3.28 & 16.31 & 33.95 & 21 & 30.47 & 7.44 \\\hline \text { Month } & \text { Jan. } 2002 & \text { Mar. } 2003 & \text { Oct. } 2003 & \text { Nov. 2004 } & \text { Feb. } 2005 & \text { Aug. 2005 } \\\hline \begin{array} { l } \text { Monthly } \\\text { Price }\end{array} & 12.36 & 7.07 & 11.44 & 33.53 & 44.86 & 45.78 \\\hline\end{array}$$

• A)$48.33
• B) $48.54
• C) $49.23
• D) $47.49
• E) $48.23

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Definitions:

Power To Dissociate

The legal ability of a partner in a partnership to unilaterally sever their association with the partnership under specific conditions.

Expressing Intent

The act of communicating one's purpose or goals clearly, especially in the context of contracts or legal agreements, to ensure mutual understanding and agreement.

Partnership Obligation

Duties and responsibilities that partners within a partnership have towards the partnership and each other.

Liable

Legally responsible for an act or a consequence.