Imagine That Two Years Ago You Inherited $20,000 and Put

question 214

Multiple Choice

Imagine that two years ago you inherited $20,000 and put it in an account paying a fixed 8% annual interest rate.To the nearest dollar,how much money do you have in your account now?

• A)$22,880.00
• B)$23,200.00
• C)$23,232.00
• D)$23,328.00

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision; in the workplace, it often refers to the level of independence and self-direction an employee has.

Participation

The act of taking part or becoming involved in activities, processes, or discussions, often contributing to a group or community effort.

Powerlessness

A state of feeling unable to control, influence, or affect outcomes; often associated with feelings of helplessness.

Iron Law

A principle stating that oligarchy is inevitable as an organizational size increases, due to the necessity of leadership hierarchy.