Suppose You Deposited $26,000 in a Bank Account That Pays

question 91

Multiple Choice

Suppose you deposited $26,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year.How much would be in the account after 8 months,assuming each month has 30 days?

• A) $21,271.57
• B) $25,579.74
• C) $26,926.04
• D) $33,119.03
• E) $26,656.78

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Definitions:

Knowledge Management

The systematic process of creating, sharing, using, and managing the knowledge and information of an organization to achieve its objectives.

Sharing Information

The act of disseminating knowledge, data, or insights among individuals or groups to facilitate collaboration or decision-making.

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The unique attributes or capabilities that allow an organization to outperform its competitors.

Socially Responsible

Refers to actions and policies of individuals or organizations that consider the well-being and fairness towards society and the environment.