Your Accountant Tells You That If You Can Continue to Earn

question 231

Multiple Choice

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $750 for the next three years, you will have $998.25 in your account. If your accountant is correct, what is the current interest rate?

• A)9 percent
• B)10 percent
• C)11 percent
• D)12 percent

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Definitions:

Matrix Structure

An organization structure that combines the functional and divisional approaches to create permanent cross-functional project teams.

Emotional Stability

The trait of being relaxed, secure, and unworried.

Big Five

A model describing five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Openness To Experience

The degree to which one is curious, receptive to new ideas, and imaginative.