John Has $10,000 in a Safe Deposit Box

question 44

Short Answer

John has $10,000 in a safe deposit box. Each year, he spends 10% of what is left in the box. How much will be in the box after 16 years?
Please round the answer to the nearest cent. $__________

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Definitions:

Destructive Stress

Stress that exceeds an individual's ability to cope, leading to negative psychological or physical effects and potentially impairing performance and well-being.

Job Burnout

A state of physical or emotional exhaustion caused by prolonged stress or frustration, particularly in the workplace.

Overtly Aggressive Behaviour

Actions that are openly hostile, confrontational, or intended to dominate or control others.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.