If $40,000 Is Put in a Savings Account Paying Interest

question 51

Multiple Choice

If $40,000 is put in a savings account paying interest of 4% compounded annually, what amount will be in the account at the end of five years?

• A)$32,878
• B)$48,000
• C)$48,620
• D)$48,666

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Definitions:

External Monitoring

involves systematically observing and analyzing external environmental factors that may affect an organization's performance, enabling it to adapt or prepare strategically.

Networking

Building and maintaining professional relationships that can provide support, opportunities, and information.

Transformational Leadership Behavior

Transformational leadership behavior involves leaders working with teams to identify needed change, creating a vision to guide that change through inspiration, and executing the change in tandem with committed members of the group.

Leading By Example

Demonstrating desired behaviors through one's actions, thus encouraging others to follow by mirroring those behaviors.