Find the Balance If $21,000 Is Invested at an Annual

question 16

Multiple Choice

Find the balance if $21,000 is invested at an annual rate of 7% for 2 years, compounded continuously.

• A)$45,045.34
• B)$23,940.00
• C)$22,495.72
• D)$18,256.52
• E)$24,155.75

---

Definitions:

Baumrind

Refers to Diana Baumrind, a developmental psychologist known for her research on parenting styles and their effects on children.

Consistent Control

Involves maintaining steady and predictable management or regulation over a process, behavior, or mechanism to achieve desired outcomes.

Authoritative

A child-rearing style in which parents are restrictive and demanding, yet communicative and warm.

Power-assertive

A disciplinary strategy used by parents involving the use of authority, threats, or physical force to enforce child compliance.