Approximately How Long Must One Wait (To the Nearest Year)for

question 24

Multiple Choice

Approximately how long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually?

• A) 9 years
• B) 14 years
• C) 22 years
• D) 25 years

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Definitions:

Incorporation Practices

Incorporation practices involve legal and procedural steps required to form and register a company as a separate legal entity, according to specific jurisdictional regulations.

Business Ownership

refers to the possession and control over a business enterprise, including the rights to make decisions and reap the benefits or losses.

Global Managers

Refers to managerial professionals who operate and make decisions within an international context, often dealing with cross-cultural and global business challenges.

International Developments

Activities, strategies, and policies designed to foster progress and positive change across nations on economic, social, and political levels.