Use Compound Interest Formulas
Use the Compound Interest Formulas A A =

question 9

Multiple Choice

Use Compound Interest Formulas
Use the compound interest formulas A $$A = P \left( 1 + \frac { r } { n } \right) \text { and } A = P e ^ { r t } \text { to solve }$$
-Find the accumulated value of an investment of $6000 at 7% compounded continuously for 5 years.

• A)$8514.41
• B)$8614.41
• C)$8415.31
• D)$8100.00

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Definitions:

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other industries.

Best Practices

Proven or widely recognized methods or techniques that have been shown to yield superior results and are used as benchmarks.

Diffusion of Knowledge

The process by which information, ideas, or innovations spread within a group or from one group to another.

Exploitation

The act of taking unfair advantage of someone or something, often for personal gain while neglecting the welfare of others.