Answer the Following Questions

question 93

Essay

Answer the following questions.
a. Using the Rule of 72, how long does it take for an account balance to double at an 8% interest rate?
b. What is the present discounted value of $500 received annually until the end of time at a 15% interest rate?

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Definitions:

Transformational Leadership Theory

A leadership approach that causes change in individuals and social systems, aiming to create a vision for followers and guiding changes through inspiration.

Charisma

A compelling attractiveness or charm that can inspire devotion or enthusiasm in others.

Personal Quality

Characteristics or attributes that define an individual’s nature, often influencing their behavior and interactions with others.

Laissez-faire Leadership

A leadership style that grants team members high degrees of freedom in how they work and make decisions, with minimal interference or direction from the leader.