An Initial Investment of $4000 Grows at an Annual Interest

question 35

Multiple Choice

An initial investment of $4000 grows at an annual interest rate of 4% compounded continuously. How long will it take to double the investment?

• A)17.33 years
• B)18.33 years
• C)18.00 years
• D)17.00 years
• E)1 year

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Definitions:

Internalized Sanctions

Penalties or social controls that individuals impose upon themselves, often as a result of socialization, to conform to societal norms or laws.

Genocide

The deliberate and systematic extermination of an ethnic, racial, national, or religious group, aiming to destroy its members in whole or part.

Hutus and Tutsis

Ethnic groups primarily associated with Rwanda and Burundi, historically intertwined and affected by colonial history and conflict.

Saddam Hussein

Former president and dictator of Iraq, known for his brutal regime and eventual overthrow and execution.