An Initial Investment of $7000 Grows at an Annual Interest

question 48

Multiple Choice

An initial investment of $7000 grows at an annual interest rate of 3% compounded continuously. How long will it take to double the investment?

• A)23.10 years
• B)24.10 years
• C)24.00 years
• D)23.00 years
• E)1 year

Demonstrate knowledge of various methods of presenting speeches and their applicability in different contexts.

Understand the impact of nonverbal communication in business settings.

Grasp the essential elements and techniques of professional talking.

Recognize the significance of effective listening in communication.

---

Definitions:

Diversification

A risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to reduce exposure to any single asset or risk.

Risk-Averse Investors

Investors who prioritize minimizing risk over maximizing returns, often choosing safer, lower-yield investments.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases.