Jane Deposited $1000 into a Saving Account Paying 12% Interest

question 24

Multiple Choice

Jane deposited $1000 into a saving account paying 12% interest compounded continuously.After 45 years, how much money did she have in the account?

• A)$25,759.09
• B)$157,896.32
• C)$221,406.42
• D)$257,895.78

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Definitions:

Interdependence

describes a relationship between entities where they rely on each other, indicating mutual dependence for success or survival.

Antagonistic Attitudes

Hostile or opposing outlooks or behaviors towards others or specific concepts.

Negative Attitudes

Patterns of thinking or feeling that reflect a critical or pessimistic view towards a particular object, person, or situation.

Disagreements

Occurrences when parties hold or express different views or opinions, leading to conflict or debate.