You Have $5,436

question 4

Multiple Choice

You have $5,436.60 in an account that pays 10% interest,compounded continuously.If you deposited some funds 10 years ago,how much was your original deposit?

• A)$1,900
• B)$2,000
• C)$2,100
• D)$2,205
• E)$2,315

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Definitions:

Legally Binding

An agreement or contract that is enforceable by law.

Psychological Contract

An unwritten agreement that outlines mutual expectations, obligations, and benefits between employers and employees, beyond formal contracts.

Unwritten Expectations

These are the implicit or assumed standards or behaviors that are not formally documented but are understood and followed within a group or organization.

Employees

Individuals who are hired by organizations to perform specific duties in exchange for compensation.