How Long Will It Take for a $1,000 Investment to Grow

question 17

Multiple Choice

How long will it take for a $1,000 investment to grow to $3,000 if the interest rate per year is 8%, and interest is paid only at the end of each year?

• A)13 years
• B)15 years
• C)14 years
• D)12 years

Understand the concept and components of information architecture in web design.

Recognize the importance of a user-centric approach in designing website content and structure.

Identify the attributes that make podcasts a unique and effective communication medium.

Appreciate the role of consistent labeling and navigational clarity in enhancing website usability.

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Definitions:

Competence

The ability of an individual or organization to perform a task or job effectively, often measured against a set of standards.

Referent Power

is a form of influence based on the admiration one has for an individual or group and the desire to emulate them.

Specialized Knowledge

Expertise or skill in a specific area or field, typically acquired through training or experience, that sets individuals apart in their professional capabilities.

Self-managed Teams

Groups of employees who are given the authority and responsibility to manage themselves and make decisions about their work without direct supervision.