How Much Interest Will Be Earned in an Account into Which

question 71

Multiple Choice

How much interest will be earned in an account into which $1,000 is deposited for one year with continuous compounding at a 13% rate?

• A) $130.00
• B) $138.83
• C) $169.00
• D) $353.34

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Definitions:

Homophobia

The fear, hatred, discomfort with, or mistrust of people who are lesbian, gay, bisexual, or transgender.

Manifest

To display or show (a quality or feeling) by one's acts or appearance; to demonstrate.

Cybersex

Virtual sexual encounters or experiences facilitated through the Internet, involving the exchange of sexually explicit messages or the use of webcams, without physical contact.

Societies

are organized groups of individuals living together in communities, often under a common political authority and cultural expectations, sharing distinct traditions, institutions, and values.