An Account Now Contains $9,100 and Has Been Accumulating Interest

question 59

Multiple Choice

An account now contains $9,100 and has been accumulating interest at a 14% annual rate, compounded continuously, for 12 years.Find the initial deposit.

• A)$1,703.55
• B)$8,924.39
• C)$8,920.98
• D)$1,696.00
• E)$9,029.10

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Definitions:

Unachieved

Refers to goals, objectives, or statuses that have not been reached or accomplished.

White Racial Attitude

The perspectives or biases held by individuals who identify as white toward people of other races.

Cultural Ally

A person who actively supports and stands in solidarity with another culture, striving to understand and advocate for its needs and values.

Whiteness

A set of cultural practices and norms associated with white people and often linked with positions of power and privilege.