How Long Will It Take to Earn $542

question 157

Multiple Choice

How long will it take to earn $542.40 interest on an investment of $6,400 at 11.3%?

• A) 7.5 months
• B) 8.0 months
• C) 8.5 months
• D) 9.0 months
• E) 9.5 months

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Definitions:

Normative Ethics

A branch of ethics concerned with setting standards or norms for right and wrong behavior.

Teleological

Pertaining to teleology, the philosophical study of design and purpose, especially as related to the ethical and moral implications of actions and outcomes.

Deontological

An ethical theory based on the principle that the morality of an action should be based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action.

Freedom Of Information Act

A U.S. law that grants public access to records held by federal agencies, aiming to ensure government transparency.