If You Invest $1,000 at 6%, Compounded Continuously, How Much

question 62

Multiple Choice

If you invest $1,000 at 6%, compounded continuously, how much will you have at the end of the year? Round your answer to the nearest dollar.

• A)$1,016
• B)$1,058
• C)$1,062
• D)$1,060

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Definitions:

Unity

The state of being unified or joined as a whole, especially among members of a group, fostering a sense of solidarity and common purpose.

Cockpit Crew

The personnel responsible for operating the flight controls and systems of an aircraft, typically including pilots and co-pilots.

Performing Stage

The final stage of group development where the group operates efficiently towards goal achievement.

Traveling

The act of moving from one place to another, typically over some distance and for various purposes such as exploration, recreation, or business.