How Long Will It Take $5,000 to Grow to $6,500

question 90

Multiple Choice

How long will it take $5,000 to grow to $6,500 if the investment earns interest at the rate of 13% / year compounded monthly?

• A) 1.9 year(s)
• B) 1.7 year(s)
• C) 1.6 year(s)
• D) 2.0 year(s)

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Definitions:

Balanced Scorecard

An approach to strategic planning and management that aligns operational activities with the organization's vision and strategy, improves communication across all levels, and evaluates the organization's success in reaching strategic goals.

Divisional Scorecard

A performance measurement tool used to assess and monitor the performance of individual business units or divisions within a larger organization.

Triple Bottom Line

A framework or theory that recommends that companies commit to focus on social and environmental concerns just as they do on profits.

Sustainability Reporting

The practice of disclosing information regarding a company's environmental, social, and governance (ESG) practices and performance to stakeholders.