How Much Interest Will Be Earned in the Next Year

question 106

Multiple Choice

How much interest will be earned in the next year on an investment paying 12% compounded annually if $100 was just credited to the account for interest?

• A) $88
• B) $100
• C) $112
• D) $200

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Definitions:

Economic Requirements

The financial needs or conditions necessary to sustain or initiate a business, project, or standard of living.

Ethical Followership

The practice of supporting leaders and contributing to a group or organization in a manner that is consistent with ethical principles.

Ethical Challenges

Situations that pose moral dilemmas, requiring individuals or organizations to make decisions based on ethical principles.

Organizations

Structured groups of people who work together to achieve specific goals or objectives.