How Much Will an Investment of $1,000 Earning 12% Compounded

question 59

Multiple Choice

How much will an investment of $1,000 earning 12% compounded monthly be worth in 40 years?

• A) $118,647
• B) $93,051
• C) $11,764,772
• D) none of the above are correct

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Definitions:

Workplace discrimination

Discriminatory practices within a work environment that unfairly disadvantage individuals based on their race, gender, age, disability, sexual orientation, or other characteristics.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for specified family and medical reasons.

FMLA leave

Refers to the Family and Medical Leave Act in the United States, allowing eligible employees to take unpaid, job-protected leave for specific family and medical reasons with continuation of group health insurance coverage.

Unpaid leave

Time off from work that an employee is allowed to take without pay, which can be for various reasons including medical leave, family emergencies, or personal time.