An $8000 Bank Deposit Earning Compound Interest of 8

question 8

Multiple Choice

An $8000 bank deposit earning compound interest of 8.21% per annum grows to _______ in 5.25 years.

• A) $11 284.00
• B) $12 058.14
• C) $12 105.81
• D) $16 019.15

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Definitions:

Directors

Individuals elected by shareholders to manage the corporation's affairs and make decision on major company issues.

Voting Trust

A legal arrangement where shareholders' voting rights are transferred to a trustee, typically to consolidate control over a company for a specific period.

Corporate Control

The ownership structure or management practices that determine the decision-making process within a corporation, often related to the possession of a substantial portion of the company's stock.

Shareholder Voting Agreements

Contracts among shareholders of a corporation where they agree on how they will vote their shares on certain matters.