Use Your Graphing Calculator to Find How Long It Will

question 167

Multiple Choice

Use your graphing calculator to find how long it will take for $6600 invested at 5.85% per year compounded daily to triple in value. Find the answer to the nearest year.

• A) 25,219 years
• B) 19 years
• C) 0 years
• D) 2,502,126 years

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Definitions:

Bias

Prejudice against or partiality toward one party, for example, based on a decision maker’s personal interest in the decision.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, age, sex, or religion.

Union Shop

A business that requires employees to join a union within a certain time period after being hired, ensuring the workplace remains under collective bargaining.

Closed Shop

A form of labor agreement in which an employer agrees to hire only members of a labor union.