Fill in the Table, Assuming Simple Interest }">$\text { cellpadding="0" cellspacing="0" width }=" 69 \% \text { " border="1"> }$

question 46

Multiple Choice

Fill in the table, assuming simple interest. }">$\text { cellpadding="0" cellspacing="0" width }=" 69 \% \text { " border="1"> }$

$\begin{array}{ccccc}I & P & r & t & \text { Future } \\\text { Interest } & \text { Principal } & \text { Rate } & \text { Time } & \text { Value }\end{array}$

• A) \(\$ 500 ; \$ 40\)
• B) \(\$ 320 ; \$ 360\)
• C) \(\$ 3.20 ; \$ 43.20\)
• D) \(\$ 500 ; \$ 580\)
• E) \(\$ 500 ; \$ 540\)

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Definitions:

Continuous Life

A characteristic of corporations where the company’s existence is not affected by changes in ownership or management, ensuring perpetual continuity.

Limited Liability

Limited Liability is a legal structure that limits the amount of financial risk and liability to the amounts invested in a company, protecting personal assets of the owners from business debts.

Binding Legal Contracts

Agreements that are enforceable by law, typically requiring offer, acceptance, and consideration.

Legal Contracts

Agreements between two or more parties that create mutual legal obligations and are enforceable by law.