Solve the Problem. -An Initial Investment of $1000 Is Appreciated for 4 Years

question 85

Multiple Choice

Solve the problem.
-An initial investment of $1000 is appreciated for 4 years in an account that earns 4% interest, compounded annually. Find the amount of money in the account at the end of the period.

• A)$1216.65
• B)$169.86
• C)$1169.86
• D)$1124.86

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Definitions:

Performance

A measure of how effectively a task or job is executed.

Reward Systems

Mechanisms designed to recognize and reward employees' performance and contribution to the organization.

Organizational Structure

The system that outlines how activities are directed in order to achieve an organization's objectives, including its roles, responsibilities, and communication pathways.

Policy

A course of action adopted and pursued by a government, business, or individual.