Choose the One Alternative That Best Completes the Statement or Answers

question 348

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-If Emery has $1,100 to invest at 9% per year compounded monthly, how long will it be before he has $1,400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)

• A) 0.036 yrs, 0.268 yrs
• B) 66.89 yrs, 2.902 yrs
• C) 2.69 yrs, 2.68 yrs
• D) 0.233 yrs, 0.223 yrs

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Definitions:

Certainty

The total absence of doubt about something.

Participation Error

Mistakes or difficulties that arise in the context of individuals engaging with or contributing to a group activity or decision-making process.

Programmed Decisions

Decisions that are routine and repetitive, often automated or made following established guidelines or procedures.

Moral Problem

Poses major ethical consequences for the decision maker or others.