What Is the Value of $10,000 Invested for 1 Year

question 8

Multiple Choice

What is the value of $10,000 invested for 1 year at 8% compounded continuously?

• A) $10,800
• B) $10,833
• C) $10,824
• D) $11,268

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Definitions:

Economic Pie

A metaphorical representation of the total wealth or economic output available for distribution or sharing among a population or group.

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.

Efficient

Characterizes a system or process that achieves its goals with minimal waste of time, resources, or effort.

Unattainable

Something that cannot be achieved or reached, often used in the context of goals or objectives that are beyond reach due to current limitations.